In an expressions of interest campaign, what is the agent's primary obligation regarding price guidance?
Correct Answer
B) Give honest price guidance that reflects the market evidence.
Agents must provide honest and reasonable price guidance based on comparable sales and market evidence, even in expressions of interest campaigns. They cannot avoid giving price guidance or provide misleading information to generate interest.
Why This Is the Correct Answer
Changing the sale method does not change the agent's duty not to mislead. Any price guidance in an EOI campaign must be honest and based on comparable sales and other market evidence.
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