Question

Broker Sullivan delivered an offer to purchase real property to Owner Mercer at 11 a.m. on Monday. Mercer asked for 24 hours to consider the offer. At 7 p.m. that same day, Broker Sullivan received two additional offers from different buyers through one of the broker's salespersons. Sullivan firmly believes the owner will reject all three offers. In order to comply with the law, Sullivan must:

Answer 1

Broker Sullivan must consider and present all three offers to Owner Mercer.

Step-by-step explanation:

In order to comply with the law, Broker Sullivan must consider all three offers and present them to Owner Mercer. Even though Sullivan firmly believes that the owner will reject all the offers, they are still obligated to follow the legal requirements and present them to the owner. This ensures that the owner has the opportunity to review and consider all the offers before making a decision.