Do you have to share the appraisal if the value came in less?

[Bruce P.]

Hi all,

A bit new to the whole process. Came on a pocket listing where the realtor is acting as both the buyer's realtor and the seller's realtor (so they are getting both sides of the commission). They said that if the appraised value came in less than the agreed sales price, the news must be shared with the seller, is that true?