Agency
In New York, a broker who receives an offer on a listed property that the seller may want to accept must communicate the offer to the seller:
AOnly after a higher offer is received
BPromptly and without delay — the broker has a duty to present all offers✓ Correct
COnly if the offer meets or exceeds the listing price
DWithin 5 business days
Explanation
A New York listing broker has a fiduciary duty to present all offers to the seller promptly. This duty applies even if the broker believes the offer is too low or if a better offer may be forthcoming. The seller — not the broker — has the right to decide whether to accept, reject, or counter any offer.
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