Question

Charlie's seller client asked him to pass along any offers to her, even after her property went under contract. Four days before closing, an offer arrived in Charlie's inbox. What should Charlie do?

a) Discard the offer as the property is under contract
b) Forward the offer to the seller immediately
c) Wait until after the closing to disclose the offer
d) Discuss the offer with the buyer first

Answer 1

Charlie should forward the offer to his seller client immediately, as he is obliged to communicate all offers and the property is still under the seller's ownership until closing is complete.

Step-by-step explanation:

Charlie should forward the offer to the seller immediately. Real estate professionals are obliged to communicate all offers to their clients unless specifically instructed otherwise by the client. Even if the property is under contract, the seller might have provided explicit instructions to Charlie to pass along all offers, perhaps in anticipation of issues with the current pending sale or simply for their knowledge. Moreover, until the closing is complete and the property is legally transferred, the seller retains ownership and should be kept informed of all offers. Charlie should not wait until after the closing to disclose the offer, and he should not discuss the offer with the buyer first, as his duty is to his seller client.