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
B) Present the offer to the seller as required, but without applying undue pressure, and ensure the seller understands their right to reject the offer or seek independent 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.
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