A WA agent is approached by a buyer who wants to submit an offer well below market value on a property where the seller is elderly and potentially vulnerable. The buyer asks the agent to pressure the seller into accepting. What should the agent do?
Correct Answer
A) Present the offer without pressure, confirming the seller may refuse it or get advice
The agent must present all offers to the seller but must not apply undue pressure or engage in unconscionable conduct, especially when dealing with vulnerable persons. The agent should ensure the seller understands the offer, their right to reject it, and recommend they seek independent legal or financial advice before making a decision.
Why This Is the Correct Answer
The agent must present every offer, but must do so fairly, without pressure, and ensure a vulnerable seller understands the right to refuse and to get independent advice.
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