What must a real estate agent do when receiving an offer on a property?

What must a real estate agent do when receiving an offer on a property?

• A. Negotiate the offer
• B. Present all offers to the seller promptly
• C. Reject any low offers
• D. Inform the buyer of market trends

Answer: (B)

When a real estate agent receives an offer on a property, it is critical for them to present all offers to the seller promptly. This is a fundamental duty of an agent, as they are acting as a fiduciary to the seller. Presenting all offers ensures that the seller is fully informed of all potential opportunities and can make decisions based on the complete landscape of available options. This responsibility aligns with the agent's obligation to act in the best interest of their client, allowing the seller to consider different offers and negotiate accordingly. In addition, promptly presenting all offers also helps maintain clear communication between the buyer and seller, ensuring a fair and transparent process. This fosters trust in the transaction and supports compliance with legal and ethical standards within the real estate profession. By contrast, negotiating the offer directly without the seller's input, rejecting low offers without presenting them, or informing the buyer of market trends without ensuring the seller is aware of all offers would not fulfill the professional responsibility owed to the seller. Each of these actions could compromise the seller's ability to make informed decisions about their property.

When a real estate agent receives an offer on a property, it is critical for them to present all offers to the seller promptly. This is a fundamental duty of an agent, as they are acting as a fiduciary to the seller. Presenting all offers ensures that the seller is fully informed of all potential opportunities and can make decisions based on the complete landscape of available options. This responsibility aligns with the agent's obligation to act in the best interest of their client, allowing the seller to consider different offers and negotiate accordingly.

In addition, promptly presenting all offers also helps maintain clear communication between the buyer and seller, ensuring a fair and transparent process. This fosters trust in the transaction and supports compliance with legal and ethical standards within the real estate profession.

By contrast, negotiating the offer directly without the seller's input, rejecting low offers without presenting them, or informing the buyer of market trends without ensuring the seller is aware of all offers would not fulfill the professional responsibility owed to the seller. Each of these actions could compromise the seller's ability to make informed decisions about their property.