Single agent Rodriguez represents buyer Adams in Tallahassee. Adams asks Rodriguez to submit an offer $20,000 below asking price on a property Rodriguez knows has multiple offers at full price. What should Rodriguez do?
Correct Answer
D) Submit the offer as requested and advise Adams of the market conditions
Correct: D - Submit the offer as requested and advise Adams of the market conditions. Rodriguez must follow Adams' lawful instructions while providing professional advice about market conditions, balancing obedience with the duty to exercise reasonable care and skill. Why not A: This option is incorrect because "Withdraw from the representation" does not match the rule tested by the question. The correct answer is "Submit the offer as requested and advise Adams of the market conditions". Rodriguez must follow Adams' lawful instructions while providing professional advice about market conditions, balancing obedience with the duty to exercise reasonable care and skill. Why not B: This option is incorrect because "Increase the offer amount without Adams' consent" does not match the rule tested by the question. The correct answer is "Submit the offer as requested and advise Adams of the market conditions". Rodriguez must follow Adams' lawful instructions while providing professional advice about market conditions, balancing obedience with the duty to exercise reasonable care and skill. Why not C: This option is incorrect because "Refuse to submit the low offer" does not match the rule tested by the question. The correct answer is "Submit the offer as requested and advise Adams of the market conditions". Rodriguez must follow Adams' lawful instructions while providing professional advice about market conditions, balancing obedience with the duty to exercise reasonable care and skill.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Mold disclosure involves informing buyers about the presence of mold or conditions that are conducive to mold growth in a property. While no federal mold disclosure law exists, many states require disclosure of known mold issues.
A property condition disclosure is a written statement by the seller detailing the known condition of the property, including defects, repairs, and issues with major systems. Most states require sellers to complete this form.
Protected classes are groups of people who are legally shielded from discrimination based on specific characteristics.
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