Agency
A Nevada listing agent receives an offer for $480,000 on a property listed at $499,000. The seller is traveling and unavailable. The agent believes the offer is too low and does not present it. Has the agent violated any duty?
ANo — the agent's professional judgment justifies not presenting low offers
BYes — Nevada law requires all written offers to be presented to the seller promptly, regardless of price✓ Correct
COnly if the offer is more than 10% below the listing price
DNo — the seller gave the agent discretion during travel
Explanation
Under NRS 645 and NAR ethics rules incorporated by Nevada practice, a listing agent must present ALL written offers to the seller promptly, regardless of the agent's personal opinion about the offer's merit. The agent's role is to represent the seller's interests — and the seller, not the agent, decides which offers to accept or reject.
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Key Terms to Know
Seller's Agent (Listing Agent)
A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
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