Sarah, a licensed real estate agent, receives two offers on the same day for a property she has listed. One offer is higher but from a buyer she knows has financing issues, while the other is lower but from a pre-approved buyer. What is Sarah's primary obligation?
Correct Answer
B) Present both offers, with the relevant facts about each buyer's ability to complete
The agent must present all offers to the principal along with relevant information that could affect the vendor's decision, including the buyers' financial capacity. This allows the principal to make an informed decision based on complete information rather than just price.
Why This Is the Correct Answer
The vendor must see every offer and everything material about it. A buyer's finance position affects whether a sale will complete, so the agent presents both offers with that information and lets the vendor choose.
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