A Florida broker receives multiple offers on a listing and learns that one buyer is offering cash but requests that this information not be disclosed to other potential buyers. How should the broker handle this request?
Correct Answer
C) Inform the seller about the cash offer while maintaining buyer confidentiality from other buyers
Correct: The broker must inform the seller (their client) about all offer terms while respecting the buyer's confidentiality from other competing buyers. Why not A: The broker owes primary duty to the seller-client and must disclose all material offer information. Why not B: Buyers have reasonable expectations of confidentiality from other competing buyers. Why not D: All offers must be presented; refusal to present violates professional obligations.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
More Fair Housing Ada Ethics Questions
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