A real estate agent shows a listing to two different buyers. One buyer decided in the early morning to make an offer on the property for less than the listed price. The agent writes up an offer and plans to meet with the seller later in the day. The other buyer the contacts the agent and says she would like to make a full price offer. What should the agent do?
A. Meet with the seller a but present the first offer, and then present the second offer only if the first offer is rejected
B. Present both offers to the seller at the same time
C. Tell the second buyer that her offer is invalid because there is already an offer on the property
D. Tell the second buyer that he can only present the first offer to the seller, then he'll present her offer if the first one is rejected
Answer: B. Present both offers to the seller at the same time
A real estate agent has the duty to present all written communications to and from all parties in a timely manner. Failing to inform a party of any offer would be a breach of this duty. This is the law no matter who the agent is representing.
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