Question

Upon written acceptance or rejection of an offer, what must a real estate agent do?

1) Notify the buyer
2) Notify the seller
3) Notify the lender
4) Notify the escrow company

Answer 1

Upon a written acceptance or rejection of an offer, a real estate agent must notify the buyer, seller, lender, and escrow company to keep all parties involved informed.

Step-by-step explanation:

Upon written acceptance or rejection of an offer, a real estate agent must notify the buyer, notify the seller, notify the lender, and notify the escrow company.

This is important because all parties involved need to be informed about the status of the offer and any subsequent actions that need to be taken.

For example, if the offer is accepted, the agent notifies the buyer so that they can proceed with the next steps in the purchasing process. Similarly, the agent notifies the seller, the lender, and the escrow company to ensure that everyone is on the same page and can move forward accordingly.