AgencyEASY
Broker Sarah delivered an offer to purchase real property to Owner Martha. Owner Martha asked for 24 hours to consider the offer. Later that same day, Broker Sarah received two additional offers through other brokers. Broker Sarah believes the owner will reject all three offers. In order to comply with the law, Broker Sarah is to:
Correct Answer
C) simultaneously present the two additional offers to Owner Martha as soon as possible.
A broker must present all offers as soon as possible. The broker cannot withhold or delay presentation of any offer.
Answer Options
A
hold the new offers until Owner Martha has made a decision on the first offer, then present the other offers.B
present the two additional offers in the order they arrive.C
simultaneously present the two additional offers to Owner Martha as soon as possible.D
refuse to receive the offers until Owner Martha decides not to accept the original offer.Video Explanation3 min
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Related Topics & Key Terms
Related Topics:
fiduciary-dutiesoffer-presentation-requirementsseller-disclosure-obligations
Key Terms:
Business and Professions Code Section 10142fiduciary dutyoffer presentationsimultaneous presentationbroker obligations
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