Question

Dean is the listing agent for Jane's property. After a couple of weeks on the market, two formal written offers come through. One is for well below the listing price, and another is a bit closer, but still under the list price. What should Dean do with the offers?

a) Present both offers to Jane.
b) Present the higher offer to Jane, but not the lower offer.
c) Present the lower offer to Jane, but not the higher offer.
d) Respond to the buying agents and tell them to submit new offers closer to the listing price.

Answer 1

Dean should present both the higher and the lower offers to Jane, as he is required to present all offers received on the property to ensure Jane can make an informed decision. option (A)

Step-by-step explanation:

When dealing with offers on a property, Dean, the listing agent for Jane's property, is ethically and legally obligated to present both offers to Jane. Real estate agents are required to act in the best interest of their clients by presenting all offers they receive.

It is up to Jane, the seller, to decide whether to accept, reject, or counter any offers presented to her. By presenting all offers, Dean ensures that he is giving Jane the opportunity to consider all potential deals and make an informed decision.