Question

Which of the following instructions should a Salesperson document and provide a copy to both the seller and the brokerage, ensuring clear guidance on how offers should be handled?

A. Instructions to consider all offers received before the presentation time.
B. Instructions to consider offers above a specific price only.
C. Instructions to not be informed of any offers at all.
D. Instructions to see the details of the offer but not formally consider it until the presentation time.

Which set of instructions aligns with the advice to document and provide specific guidance to the involved parties?

Answer 1

The best instruction to document and provide to both the seller and the brokerage is to consider all offers received before the presentation time, as this assures a fair and transparent process for all parties involved.

Step-by-step explanation:

Among the options provided, the set of instructions that best align with the advice to document and provide specific guidance to both the seller and the brokerage regarding how offers on a property should be handled is A. Instructions to consider all offers received before the presentation time.

This choice ensures transparency and fairness in the process, as all potential buyers have an equal opportunity to submit their offers and have them considered by the seller. Documenting such instructions and providing copies to both seller and brokerage establishes a clear protocol and may also protect against potential disputes or misunderstandings about the offer review process.