Contracts
A Mississippi seller receives two offers simultaneously. Offer A is for $250,000 cash with 10-day closing. Offer B is for $265,000 with conventional financing and 45-day closing. The listing agent should:
APresent only the higher offer to the seller
BPresent both offers simultaneously to the seller and let the seller decide✓ Correct
CPresent offers in the order received only
DRecommend the seller accept Offer B since it is higher
Explanation
A listing agent has a fiduciary duty to present all offers to the seller promptly and simultaneously when received around the same time. The seller, not the agent, determines which offer best serves their interests based on price, contingencies, and timeline.
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