Agency
A seller's agent who receives an offer that is below listing price has a duty to:
AReject the offer without presenting it to the seller
BPresent all written offers to the seller promptly✓ Correct
CNegotiate directly with the buyer without the seller's involvement
DOnly present offers at or above 90% of list price
Explanation
A seller's agent has a duty to present all written offers to the seller promptly, regardless of price. The decision to accept, reject, or counter an offer belongs exclusively to the seller.
Related Illinois Agency Questions
- What is a 'non-exclusive buyer agency agreement' in Illinois?
- Which of the following statements about listing agreements in Illinois is MOST accurate?
- What is 'agency termination' and what events can end an agency relationship in Illinois?
- An exclusive right-to-sell listing is the most common type of listing in Illinois because it:
- A 'net listing' in Illinois is problematic because:
- Under Illinois law, a listing agent who represents a seller owes the buyer which of the following minimum duties?
- Illinois law requires a licensee to provide a written Agency Disclosure form to a consumer:
- When an Illinois real estate agent represents a buyer and the seller is unrepresented, the agent's relationship to the seller is best described as:
Practice More Illinois Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Illinois Quiz →