Agency
A Minnesota listing agent has been marketing a property for 90 days with no offers. The agent should advise the seller to:
AContinue as-is since the right buyer will eventually appear
BTerminate the listing and re-list with a different broker
CRe-evaluate the pricing, marketing, and condition based on market feedback✓ Correct
DList the property in multiple states simultaneously
Explanation
When a property hasn't attracted offers after 90 days, a professional listing agent should honestly evaluate the factors affecting marketability: price (often the primary issue), condition, marketing strategy, and market conditions. Minnesota agents have a duty of competence that includes providing honest market feedback and advising sellers on adjustments needed to achieve a sale.
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