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Pa Agency Consumer NoticeDesignated_agency_paMEDIUM

Agent Lopez is the designated seller's agent in a Pennsylvania transaction. The buyer submits a lowball offer that Agent Lopez believes is insulting. Despite personal feelings about the offer, what must Agent Lopez do?

Correct Answer

D) Present the offer to the seller without editorializing and let the seller decide how to respond

Under the duty to present all offers, Agent Lopez must present the lowball offer to the seller. While the agent can provide market data for context, the agent should not inject personal opinions about the offer being 'insulting.' The seller has the right to see all offers and make their own decision.

Answer Options
A
Reject the offer on behalf of the seller because it is clearly too low
B
Present the offer to the seller along with a recommendation to reject it based on comparable sales
C
Contact the buyer's designated agent and demand a more reasonable offer before presenting to the seller
D
Present the offer to the seller without editorializing and let the seller decide how to respond

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Related Topics & Key Terms

Key Terms:

designated_agencypresent_all_offerslowball_offerseller_decision

Related Concepts

An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.

An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.

The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.

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