Final answer:
Bill's obligation to disclose an accepted offer to other cooperating brokers depends on state laws, the guidelines of the National Association of Realtors, and the contractual agreement with the seller. Typically, there is a general duty to disclose to enable receipt of possibly better offers.
Step-by-step explanation:
Disclosure of Accepted Offers in Real Estate: Under typical real estate protocols and depending on specific state laws and the guidelines of the National Association of Realtors, Bill may be obligated to disclose an accepted offer to other cooperating brokers.
This disclosure is necessary to maintain transparency and allow other interested parties the opportunity to present a better offer before the deal is finalized if that is in the best interest of the seller or per the seller's instructions. However, without the specific guidelines of local and state regulations, and the contractual agreement with the seller, it's not possible to give a definitive answer.
Typically, there is a duty for real estate agents to work in the best interest of their clients, which can include disclosing accepted offers when it might lead to improved terms for the seller.Disclosure of Accepted Offers in Real Estate.