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Carmelita is the agent of the seller. After two months on the market, the seller accepts an offer and the property is under contract. Is Carmelita obligated to continue marketing the property?

User Vityata
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Final answer:

Carmelita is not obligated to continue marketing the property once it is under contract, but it is common for agents to do so until the closing date. Carmelita may also have a legal duty to disclose that the property is under contract to potential buyers.

Step-by-step explanation:

As the agent of the seller, Carmelita's obligation is to act in the best interests of the seller. Once the property is under contract, Carmelita is not obligated to continue marketing the property. However, it is common for agents to continue marketing the property until the closing date, especially in case the current deal falls through.

In some cases, Carmelita may also have a legal duty to disclose that the property is under contract to potential buyers. This helps avoid any misunderstandings or wasted efforts if interested parties inquire about the property.

Ultimately, the specific obligations and practices may vary depending on the agreement between Carmelita and the seller, as well as local real estate laws and regulations.

User Cristian Cavalli
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