What is a listing agent's obligation regarding offers received on a listed property in Idaho?
Correct Answer
B) Present all offers to the seller promptly, regardless of price or terms
Idaho law and Idaho Real Estate Commission (IREC) rules require a listing agent to present all offers to the seller promptly, regardless of price or terms, unless the seller has provided written instructions to the contrary. Withholding or filtering offers violates the agent's fiduciary duty of loyalty and obedience to the seller and can result in disciplinary action by IREC.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
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