Question

Keira's sellers have decided to list their home at $300,000. They say they don't have much wiggle room on the price and ask that she not even bother with an offer less than $290,000. After a few weeks on the market, an offer comes in at $280,000. Her sellers are on a rafting trip and won't be back until after the offer expires. Keira thinks for a minute about what to do, then calls the buyer's agent back to tell him that his clients need to bring the offer up; the listing price is $300,000.

Did Keira break any fiduciary rules?
a. No. She advocated for her clients' best interests and didn't encourage a lower offer.
b. No. She didn't divulge confidential information that the sellers are willing to accept $290,000.
c. Yes. She must present every offer to the clients, regardless of their instructions, and she did not.
d. Yes. She negotiated on the seller's behalf by telling the buyer's agent to bring the offer up.

Answer 1

Keira did not break any fiduciary rules as she followed the sellers' instructions and did not disclose any confidential information.

Step-by-step explanation:

In this scenario, Keira, as a real estate agent, did not break any fiduciary rules. According to the given information, the sellers instructed Keira to not bother with an offer less than $290,000. Keira followed their instructions and did not encourage a lower offer. Additionally, she did not divulge any confidential information about the sellers' willingness to accept $290,000.