Agency
A New Jersey salesperson who receives an offer on a listing has a duty to:
APresent only offers that meet the seller's minimum price
BPresent all written offers to the seller promptly, regardless of the amount or terms✓ Correct
CScreen offers and present only the best one
DWait until there are multiple offers before presenting any
Explanation
A listing agent in NJ has a fiduciary duty to present all written offers to the seller promptly and in a timely manner. Filtering or delaying offers based on the agent's judgment about adequacy violates the duty of loyalty and obedience to the seller.
Related New Jersey Agency Questions
- A NJ seller's agent who has an exclusive listing and the seller finds their own buyer directly has earned a commission:
- In New Jersey, a listing agreement between a seller and broker creates what type of agency?
- Termination of a listing agreement in NJ may occur by all of the following EXCEPT:
- The principal in an agency relationship is:
- Which type of listing agreement gives the greatest protection to the listing broker?
- An NJ agent's duty of care requires them to:
- A buyer's agent in NJ owes which of the following fiduciary duties to the buyer?
- In New Jersey, which document memorializes the creation of a buyer agency relationship?
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