New Jersey License Law
A NJ licensee who receives an offer from a buyer on a property where they represent the seller must:
ARefuse to present low offers to the seller
BPresent all written offers to the seller promptly regardless of the offer amount✓ Correct
CPresent only offers at or above the listing price
DWait until a better offer arrives before presenting
Explanation
NJ license law and NJREC regulations require licensees to present all written offers to the principal promptly. Failing to present any offer is a breach of fiduciary duty and a violation of license law.
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