A Wyoming listing agent's duty to the seller requires the agent to present:
Correct Answer
B) All offers received from buyers
A Wyoming listing agent has a fiduciary duty to the seller that includes presenting all offers promptly and honestly, regardless of price, terms, or the buyer's financing status. Withholding or filtering offers would be a breach of the agent's duty of loyalty and disclosure to the seller.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
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