Contracts
A Connecticut seller receives an offer through their listing agent. Under Connecticut agency law, the listing agent is required to:
APresent only offers that meet the seller's stated minimum price
BPresent all offers promptly unless the seller has provided written instruction otherwise✓ Correct
CScreen offers and only present those the agent considers viable
DHold all offers until the listing period is complete
Explanation
A listing agent has a duty to present all offers promptly to the seller, regardless of the agent's personal opinion of the offer's merits. The agent may not filter or delay offers without the seller's explicit written authorization.
People Also Study
Related Connecticut Questions
- A Connecticut real estate licensee who receives a written offer on a listed property must present it to the seller:Connecticut License Law
- A Connecticut listing agent receives two simultaneous offers. One offer is from a buyer whose loan pre-approval is for a lower amount; the other is a higher cash offer. The listing agent should:Agency
- A listing agent who receives an offer far below the asking price is required to:Agency
- A Connecticut broker receives a 6% commission on a $450,000 sale. The commission is split 50/50 with the buyer's broker. The listing broker then splits their half 60/40 with the listing salesperson. How much does the listing salesperson earn?Real Estate Math
- A seller receives multiple offers on their Connecticut home on the same day. The seller is legally:Contracts
- A Connecticut listing agent who receives a low offer on a property listed at $450,000 must:Agency
- A Connecticut seller receives three offers on the same day. How must the listing agent handle this?Contracts
- A Connecticut listing agent represents a seller. The agent also has a buyer as a client. The listing broker's written office policy allows designated agency in such situations. Under designated agency:Agency
Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Study This Topic
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →