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Property MarketingExpressions Of InterestMEDIUM

In an 'expressions of interest' campaign, what is the agent's primary obligation to potential buyers?

Correct Answer

C) Clearly communicate the process and ensure fair treatment of every buyer.

In expressions of interest campaigns, agents must clearly explain the process, timeline, and selection criteria to all potential buyers, ensuring transparency and fair treatment. While they must present all offers to the vendor, there's no obligation to accept the highest offer, as vendors may consider other factors.

Answer Options
A
Accept the highest offer received by the closing date on the vendor's behalf.
B
Give each buyer written feedback on their offer within 24 hours of the close.
C
Clearly communicate the process and ensure fair treatment of every buyer.
D
Present each offer to the vendor in person, with the buyer present.

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Related Topics & Key Terms

Key Terms:

expressions of interestprocedural fairnesstransparencyAustralian Consumer Lawfiduciary duties
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