EstatePass
Practice Of Real EstateBroker DutiesEASY

A South Dakota broker receives multiple offers on a listing. The broker should:

Correct Answer

B) Present all offers to the seller promptly

A broker has a fiduciary duty to present all offers to the seller promptly, regardless of the offer amount or terms. The seller has the right to see every offer and decide which to accept, reject, or counter.

Answer Options
A
Only present the highest offer
B
Present all offers to the seller promptly
C
Negotiate on behalf of the seller without presenting offers
D
Present only pre-approved offers

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Practice Of Real Estate Question

Sign up free to unlock full analysis

Background Knowledge for Practice Of Real Estate

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Practice Of Real Estate

Sign up free to unlock full analysis

Common Mistakes to Avoid on Practice Of Real Estate Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Related Topics:

seller-rightsbackup-offersduty-of-disclosurefiduciary-duty

Key Terms:

present all offersseller's rightno filteringpromptduty
Was this explanation helpful?

More Practice Of Real Estate Questions

People Also Study

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing