What is a responsibility of a real estate agent when presented with an offer on a property?

What is a responsibility of a real estate agent when presented with an offer on a property?

• A. Only present the offer to the seller if it's high enough
• B. Disregard the offer if it requires contingencies
• C. Present all offers to the seller promptly
• D. Negotiate directly with the buyer to change the offer terms

Answer: (C)

A crucial responsibility of a real estate agent when presented with an offer on a property is to present all offers to the seller promptly. This duty is guided by the agent's fiduciary obligation to their client, which emphasizes honesty, loyalty, and full disclosure. By presenting all offers, the agent ensures that the seller can make informed decisions regarding their property. Failing to present an offer based on its perceived value or specific terms, such as contingencies, would compromise the seller's ability to weigh all available options and could lead to lost opportunities. Furthermore, negotiating directly with the buyer to change offer terms without the seller's consent would undermine the agent's role and potentially violate ethical standards and agency laws.

A crucial responsibility of a real estate agent when presented with an offer on a property is to present all offers to the seller promptly. This duty is guided by the agent's fiduciary obligation to their client, which emphasizes honesty, loyalty, and full disclosure. By presenting all offers, the agent ensures that the seller can make informed decisions regarding their property.

Failing to present an offer based on its perceived value or specific terms, such as contingencies, would compromise the seller's ability to weigh all available options and could lead to lost opportunities. Furthermore, negotiating directly with the buyer to change offer terms without the seller's consent would undermine the agent's role and potentially violate ethical standards and agency laws.