Agency
A Florida buyer's agent discovers their buyer wants to make an extremely low offer to 'lowball' the seller. The agent should:
ARefuse to present the offer
BPresent the offer as directed by the buyer — the agent must follow lawful client instructions✓ Correct
CTell the seller in advance how low the offer will be
DCounter the buyer's offer before presenting it to the seller
Explanation
A buyer's agent must follow the buyer's lawful instructions, including presenting any offer the buyer chooses to make. The agent cannot refuse to present an offer, counter it on the buyer's behalf without instruction, or pre-negotiate with the seller.
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Key Terms to Know
Buyer's Agent
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
AgencyA 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.
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