Final answer:
The agent of the seller is generally obligated to present any new offers received while the property is under contract. However, specific laws and regulations can vary depending on the jurisdiction.
Step-by-step explanation:
As an agent of the seller, it is generally the duty of the real estate agent to present any offers received while the property is under contract to the seller. This is because the agent has a fiduciary duty to act in the best interests of the seller and to keep them informed of any offers that may affect the sale of their property.
Even if the seller has already accepted an offer, the agent should still present the new offer to the seller. The seller can then decide whether they want to proceed with the current contract or potentially consider the new offer.
However, it is important to note that specific laws and regulations can vary from state to state and may dictate whether there are any exceptions to the duty to present offers. It is always recommended to consult with a real estate attorney or agent for guidance on the specific laws and regulations in your jurisdiction.