A Florida real estate broker receives competing offers on a property. Offer A includes $5,000 earnest money, and Offer B includes $10,000 earnest money. Both offers are for the same purchase price with similar terms. How should the broker advise the seller regarding the earnest money amounts?
Correct Answer
C) Present both offers and explain that higher earnest money may indicate stronger buyer commitment
Correct: The broker should present both offers objectively and may explain that higher earnest money could indicate stronger buyer commitment, but let the seller decide. Why not A: Many factors beyond earnest money should be considered. Why not B: Earnest money can be a relevant factor showing buyer commitment. Why not D: Cannot modify offers without buyer consent.
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Previous Question
All of the following situations would require a Florida broker to return earnest money to the buyer EXCEPT:
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A buyer in Florida wants to submit an offer but cannot provide earnest money until their CD matures in one week. The seller is motivated and wants to accept the offer immediately. What is the best course of action?