Question

You're representing a seller client, Angela, who has mentioned she may not accept any offers lower than $200,000 for her home. If you receive an offer for less than $200,000, what must you do?

Answer 1

Real estate agents must present all offers to their clients, even if the offer is below the client's stated minimum selling price.

Step-by-step explanation:

If you receive an offer for less than $200,000 for Angela's home, you are obligated to present all offers to her, regardless of the amount. As a real estate professional, your duty is to act in the best interests of your client, which includes keeping them informed on all offers received for their property.

If Angela has set a minimum threshold for accepting offers, you should communicate this to potential buyers, but ultimately, it is Angela's decision to accept or decline offers. Any decisions about the selling price should be made by Angela after being fully informed of her options.

Real estate transactions can include instances like Freda's house, valued at $250,000 and fully paid off, and Frank's house, valued at $160,000 with $60,000 still owed to the bank.