Which of the following statements about confidential information is NOT true?

Confidential information encompasses details that should not be disclosed without the consent of the party who provided it, particularly when it comes to financial data or personal identifiers. The correct answer identifies a misunderstanding about the nature of confidential information. Material information about the physical condition of the property is typically not considered confidential.

When it comes to real estate transactions, details about a property's physical condition often fall under the umbrella of material facts that must be disclosed to potential buyers. This is rooted in the principle of transparency that agents must uphold, ensuring that buyers are fully informed about any possible defects or issues related to the property.

In contrast, personal financial data and similar sensitive information require the owner’s consent for disclosure, highlighting its confidential nature. The idea of confidentiality is also closely tied to the transaction context, as certain details may remain confidential until a deal progresses or unless released by the owner. Hence, understanding that physical condition information is generally publicly available and essential for informed decision-making clarifies why this statement does not align with the definitions of confidential information in real estate practice.