Final answer:
A real estate broker's duty to their seller client does not include the obligation to reveal the buyer's motives if known; the correct answer is option D. The role of a broker includes presenting all offers, seeking favorable terms for the seller, and listing the property on MLS timely, while maintaining confidentiality.
Step-by-step explanation:
The student is asking about the duties of a real estate broker who acts as an agent for a seller. Real estate agents have a fiduciary duty to their clients and must act in the client's best interests.
Out of the options provided, the duty that is not required of a broker to the seller is D) reveal the buyer's motives to the seller if known. A broker must present all offers in a timely manner (A), seek a price and terms acceptable to the seller (B), and submit the property to the Multiple Listing Service (MLS) in a timely manner (C).
However, they are not typically obligated to disclose the buyer's personal motives for purchasing the property to the seller, as this could potentially violate the buyer's confidentiality and is not a requirement for fulfilling the broker's obligations to the seller. Therefore, the correct option is D.
Reassuring Buyers with Imperfect Information
To address question number 6, which is not directly related to the main question but provides context on market behaviors, a seller of goods can reassure a buyer with imperfect information through several methods. Details such as providing comprehensive product information, offering warranties or guarantees, showcasing customer reviews, and demonstrating transparency about the product and business practices are all ways to build trust and reduce uncertainty in a transaction.