When a listing broker receives multiple offers on a property, the broker's duty is to:
Correct Answer
B) Present all offers promptly to the seller
An Iowa listing broker has a fiduciary duty to present all offers to the seller promptly, regardless of the broker's personal opinion of the offer's merit. Presenting only the highest offer or ranking offers without the seller's direction would be a breach of the broker's duty of loyalty and full disclosure to the seller.
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