Listing agent Bill sold a home and is working with those sellers to find a new home. During the period that Bill had the listing, these owners (now the buyers) received a good sum of money from an investment. Now they want to make an offer on one of Bills listings, but they plan to low-ball the asking price. What responsibility does Bill have in this situation?

He must disclose the information to his current sellers because of their agency relationship.

He must present the offer as it is, but he can advise the current sellers to counteroffer since he knows the buyers have a great deal of money.

He must tell the buyers that he will not present a low-ball offer.

He must present the offer as it stands and keep the information to himself since he still owes confidentiality to his former sellers.