Agency
A Maryland licensee represents the seller. The buyer asks the agent if the seller will accept less than the listing price. The agent should:
ATell the buyer the seller's lowest acceptable price
BDecline to disclose the seller's motivation but encourage the buyer to make an offer✓ Correct
CRefuse to discuss price at all
DTell the buyer the seller will accept any reasonable offer
Explanation
A seller's agent must protect the seller's negotiating position. The agent should not reveal the seller's minimum acceptable price but may encourage the buyer to submit an offer.
Related Maryland Agency Questions
- In Maryland, a buyer who signs a buyer-broker agreement for a 90-day period and then tries to terminate the agreement early:
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