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Ethics ComplianceSAMEDIUM

What ethical obligations does a land agent have when a buyer makes an offer that the agent knows the vendor is likely to reject?

Correct Answer

C) Present every genuine offer to the vendor, who decides whether to accept it

An agent has a fiduciary duty to present all genuine offers to the vendor promptly. It is not the agent's role to filter offers; the decision to accept or reject belongs solely to the vendor.

Answer Options
A
Decline the offer on the vendor's behalf without telling them, to save everyone's time
B
Tell the buyer to raise the offer before the agent will pass it on
C
Present every genuine offer to the vendor, who decides whether to accept it
D
Hold the offer back until a better one arrives, then present both together

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Related Topics & Key Terms

Key Terms:

present all offersvendor decisionfiduciary duty
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