Agency
When a listing agent receives an offer significantly below list price, the agent's duty to the seller is to:
ADecline to present the offer
BPresent the offer to the seller and let them decide✓ Correct
CCounter the offer without consulting the seller
DAsk the buyer to raise the offer first
Explanation
A listing agent is required to present all offers to the seller, regardless of price. The decision to accept, reject, or counter belongs to the seller, not the agent.
People Also Study
Related Georgia Questions
- A Georgia property is listed at $389,000. After 60 days with no offers, the seller reduces the price by 4%. What is the new listing price?Real Estate Math
- A lender who charges an interest rate of 6.5% on a mortgage and the APR is 6.9% means:Finance
- In Georgia, a landlord who accepts rent after serving a notice to vacate for nonpayment:Property Management
- A listing agent who tells a buyer that 'the seller is desperate and will accept far less' has violated which duty?Agency
- If a buyer asks a listing agent (seller's agent) if the seller will accept a lower offer, the agent should:Agency
- Under BRRETA, the duty to 'timely present offers and counteroffers' applies to:Agency
- A seller accepts an offer of $389,000. The listing agent's brokerage and selling agent's brokerage each receive 3% of the sale price. How much does each brokerage receive?Real Estate Math
- Rent stabilization ordinances (where applicable) in Georgia would:Property Management
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.
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.
Study This Topic
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →