Agent Rodriguez is a single agent for seller Williams. During a showing, the prospective buyer mentions he's pre-approved for $400,000 but would prefer to pay closer to $350,000 for Williams' property listed at $375,000. Williams is not present. How should Rodriguez handle this information?
Correct Answer
A) Immediately call Williams to report the buyer's financial capacity
As Williams' single agent, Rodriguez has a duty to disclose all material information that could benefit his client, including the buyer's financial capacity. This information helps Williams make informed decisions. Option B incorrectly prioritizes the buyer's interests. Option C is incomplete without first informing Williams. Option D serves the buyer's interests rather than the client's.
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More Authorized Relationships Disclosures Questions
Consent to transition from single agent to transaction broker in Florida must be:
In Florida, the default brokerage relationship when no disclosure is made is:
A Florida licensee working with a customer in a no brokerage relationship:
Agent Rodriguez discovers that a property has had previous termite damage that was repaired. The seller instructs Rodriguez not to disclose this information to potential buyers. What should Rodriguez do?
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