Agency
A Minnesota licensee must present a purchase offer to the seller even if:
AThe listing is already under contract
BThe offer is below the seller's stated minimum acceptable price
CBoth A and B above✓ Correct
DThe offer was submitted after the listing expired
Explanation
In Minnesota, a listing broker must present all written offers promptly to the seller, even if the property is already under contract (the seller may still want to review backup offers) and even if the offer is below the seller's stated minimum. Only after presentation can the seller decide to accept, reject, or counter.
Related Minnesota Agency Questions
- In Minnesota, a licensee who acts as a 'transaction broker' (facilitator) must:
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