A Delaware seller's agent receives an offer significantly below the list price. The agent thinks the offer is not worth presenting. What must the agent do?
Why Present all written offers to the seller, regardless of the agent's personal opinion Is Correct
Answer B: Present all written offers to the seller, regardless of the agent's personal opinion
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
People Also Study
Related Delaware Questions
- If a Delaware buyer's agent shows the buyer a property listed by their own firm, the minimum ethical requirement is to:Agency
- A Delaware buyer makes an offer of $275,000, which is 3.5% below the list price. What was the list price?Real Estate Math
- Delaware's Seller Agent Disclosure requires that the listing agent provide the seller with written disclosure of agency:Agency
- Under Delaware law, the listing broker is required to present ALL offers to the seller:Agency
- A Delaware listing agent who receives an offer from a buyer represented by no agent has what obligation?Agency
- A Delaware broker earns a 6% commission on a sale and splits it 50/50 with the cooperating broker. The listing broker's salesperson then receives 60% of the listing broker's share. If the sale price is $285,000, what does the salesperson earn?Real Estate Math
- A Delaware property is listed at $289,000 and sells for $275,000. What percentage below list price did it sell for?Real Estate Math
- A Delaware property has a list price of $425,000. The seller accepts an offer of 97.5% of list price. Delaware transfer tax is 3% split 50/50. How much does the buyer pay in transfer tax?Real Estate Math
Key Terms to Know
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Math Concepts
Study This Topic
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →