ContractsIntermediateDelaware Exam
In Delaware, when must a real estate broker present all offers to the seller?
AOnly offers that meet the list price or above
BAll written offers, promptly upon receipt, unless the seller instructs otherwise in writingCorrect
CAll offers within 48 hours of receipt
DOnly offers the broker believes the seller will accept
Why All written offers, promptly upon receipt, unless the seller instructs otherwise in writing Is Correct
Answer B: All written offers, promptly upon receipt, unless the seller instructs otherwise in writing
Delaware real estate regulations require licensees to submit all written offers to the seller promptly upon receipt. Selectively presenting or withholding offers without seller authorization is a serious violation.
Exam Tip: Contracts
Contract questions frequently test the essential elements required for a valid contract. Remember: competent parties, mutual consent, lawful object, and sufficient consideration. Watch for void vs. voidable distinctions.
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