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Pa Agency Consumer NoticeSeller_agent_dutiesMEDIUM

A Pennsylvania seller's agent receives three offers on a property within the same day. The seller instructs the agent to present only the highest offer. What should the seller's agent do?

Correct Answer

B) Present all three offers to the seller and explain that Pennsylvania law requires all offers to be presented

Under Pennsylvania law, a seller's agent must present all offers to the seller. Even though the seller instructed the agent to present only the highest offer, the agent cannot comply because the law requires all offers to be presented. The agent should explain this legal requirement to the seller.

Answer Options
A
Follow the seller's instruction and present only the highest offer because the duty of obedience requires it
B
Present all three offers to the seller and explain that Pennsylvania law requires all offers to be presented
C
Present only the two highest offers as a compromise between the seller's wishes and the law
D
Reject the two lower offers on behalf of the seller without presenting them

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Related Topics & Key Terms

Key Terms:

seller_agentpresent_all_offersobedience_limitsmultiple_offers

Related Concepts

An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.

An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.

The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.

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