Contracts (alternative)
In Maryland, a listing agent who becomes aware that another offer is being submitted while negotiating an offer must:
AOnly present the first offer received
BInform the seller of the existence of another offer and present it promptly✓ Correct
CDelay presenting the second offer to allow the first to be accepted
DMerge both offers into one
Explanation
A listing agent must promptly inform the seller of any offers received, even while negotiating another offer. The seller has the right to know all offers and make an informed decision.
Related Maryland Contracts (alternative) Questions
- Under Maryland law, a listing agreement that has no stated expiration date is:
- In Maryland, a 'subject to financing' contingency in a buyer's offer protects the buyer if:
- In Maryland, a real estate contract signed under duress is generally:
- In Maryland, a seller who accepts two offers on the same property simultaneously has:
- A Maryland seller-provided disclosure form that contains material misrepresentations gives the buyer the right to:
- A Maryland buyer's offer states 'purchase price $350,000, all cash, no contingencies.' This offer is:
- A Maryland exclusive right-to-sell listing guarantees the listing broker a commission if the property sells during the listing period:
- In Maryland, the concept of 'anticipatory breach' occurs when:
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