Agency
An Alabama agent who receives a higher offer after already presenting and having accepted a lower offer should:
APresent the higher offer to the seller immediately✓ Correct
BNot present the new offer once the seller has accepted the previous one — the contract is binding
CPresent the offer only if the lower offer has a financing contingency
DPresent the offer and advise the seller to breach the first contract
Explanation
A listing agent is generally required to present all offers, even after one has been accepted, because the seller may wish to hold it as a backup if the first contract fails, or it may affect their decisions under the existing contract.
Related Alabama Agency Questions
- Under Alabama law, what type of agent owes the highest fiduciary duties to only one principal?
- When an Alabama salesperson represents a buyer, the employing broker is considered to be:
- In Alabama, a written brokerage agreement that creates an agency relationship between a broker and seller is called a:
- In Alabama, which type of agency relationship is created when a broker represents both buyer and seller with written consent?
- An agent accidentally creates an agency through their conduct without a written agreement. This is called:
- The agency disclosure required in Alabama is intended to:
- A listing agreement is a contract between:
- A buyer's agent in Alabama owes which duty to the seller?
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