Question

After signing an exclusive right to sell listing, Lois Price tells her listing agent that she needs to sell her property very quickly because she has just lost her job and cannot afford the current payments. Of the options listed below, what is the best thing for the agent to do?

A. advertise on the MLS that the buyer needs to sell quickly because of money problems
B. offer this information only if they are interested in the property and are pre-approved buyers
C. this information is only legally allowed between the listing and buyers agents
D. keep the information secret

Answer 1

The best thing for the agent to do is to offer the information to interested buyers who are pre-approved.

Step-by-step explanation:

The best thing for the agent to do in this situation is option B, which is to offer the information to interested buyers who are pre-approved. By doing so, the agent can target buyers who are likely to be in a position to purchase the property quickly.

Sharing this information only with pre-approved buyers also helps maintain confidentiality and protects the seller's privacy. It ensures that the seller's personal financial situation is not disclosed to the wider market and potential buyers who might not be genuinely interested in the property.

By selectively sharing the information with pre-approved buyers, the agent can effectively market the property to individuals who are more likely to make a quick purchase due to their financial stability.