What information should an agent collect from a principal?

The agent should collect full property details, pricing expectations, and any special instructions from the principal to effectively represent them in real estate transactions. This comprehensive information is crucial for understanding the principal's needs and objectives, allowing the agent to tailor their services accordingly. Full property details include specifics about the type of property the principal is looking to buy or sell, which helps in targeting the right audience and properties. Pricing expectations inform the agent about what the principal considers a reasonable price, guiding negotiations and marketing strategy. Special instructions may encompass particular conditions or preferences the principal has, ensuring that the agent acts in alignment with their wishes throughout the process.

Collecting only the principal's name and contact information is insufficient, as it doesn't provide the foundational knowledge required to facilitate successful transactions. Understanding the agent's personal preferences on property styles is irrelevant to the principal's needs and would not contribute to fulfilling the principal's goals. Additionally, while knowledge of the principal's financial history may be important in understanding their capacity to proceed with a transaction, it is not as critical as obtaining complete information relevant to the property and transaction preferences. Overall, option B encompasses the essential elements required for an agent to competently serve their principal's interests.