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Sandra, a Virginia salesperson, represents a seller. She receives an offer from an unrepresented buyer on Saturday evening. The seller is traveling internationally and is unreachable until Monday. Sandra decides to wait until Monday to present the offer to avoid bothering the seller over the weekend. The offer expires Sunday at noon. Under Virginia license law, Sandra's conduct is best described as which of the following?

Correct Answer

A) A violation of Virginia license law, because licensees must present all offers to sellers promptly

Under Virginia license law and VREB regulations (18 VAC 135-20), a licensee has a duty to present all written offers to the client promptly. Sandra's decision to delay presentation until Monday — allowing the offer to expire on Sunday — violates this duty. The licensee's personal judgment about the seller's convenience does not override the legal obligation to promptly present offers. Sandra should have made every reasonable effort to reach the seller.

Answer Options
A
A violation of Virginia license law, because licensees must present all offers to sellers promptly
B
Acceptable, because the seller's international travel made timely presentation impossible
C
Acceptable, because Sandra used reasonable professional judgment about when to contact her client
D
A violation of Virginia license law, because Sandra should have rejected the offer on the seller's behalf

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Related Topics & Key Terms

Key Terms:

prompt_presentationoffer_presentation_dutylicensee_obligationslisting_agentvreb_regulations

Related Concepts

A financing contingency makes the purchase contract conditional upon the buyer obtaining mortgage approval within a specified time period. If the buyer cannot secure financing, they can cancel the contract and receive their earnest money back.

An inspection contingency gives the buyer the right to have the property professionally inspected within a specified time frame and to negotiate repairs or cancel the contract based on the findings.

Liquidated damages are a predetermined amount of money specified in the contract that the non-breaching party is entitled to receive if the other party breaches. In real estate, the earnest money deposit typically serves as liquidated damages.

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