Agency
A Minnesota buyer's agent learns that the seller has accepted another offer but it has not yet been signed by all parties. The buyer's agent should:
AImmediately stop showing the property
BContinue working with the buyer since no binding contract exists✓ Correct
CReport the seller to the Department of Commerce
DAdvise the buyer to submit a higher offer only
Explanation
Until a purchase agreement is fully executed (signed by all parties), there is no binding contract. The buyer's agent should continue working with the buyer and may submit a backup offer if the buyer is interested. The agent must keep the buyer's interests in mind while acting ethically.
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