A WA agent receives multiple offers on a property. What is the agent's legal obligation regarding the presentation of these offers to the vendor?
Correct Answer
B) Present all offers to the vendor as soon as practicable
Under the Real Estate and Business Agents Act 1978 (WA) and the Code of Conduct, an agent must present all written offers to the vendor as soon as practicable. Withholding or failing to present an offer is a breach of the agent's statutory and fiduciary duties.
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