Connecticut License Law
A Connecticut buyer's agent submits an offer on behalf of a client. The seller's agent tells the buyer's agent that another offer will be accepted unless the buyer waives all contingencies. The buyer's agent should:
AAdvise the buyer to waive all contingencies to win
BAdvise the buyer of the risks of waiving contingencies and let the client make an informed decision✓ Correct
CRefuse to submit any offer without contingencies
DReport the seller's agent to the Commission for applying pressure
Explanation
The buyer's agent must act in the buyer's best interest by fully explaining the risks associated with waiving contingencies (inspection risk, financing risk, etc.) and letting the buyer make an informed decision.
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