Agency
An Oklahoma listing agent receives two offers simultaneously — one from a buyer working with a cooperating agent and one from an unrepresented buyer. The listing agent must:
APresent only the offer with the higher price
BPresent both offers to the seller promptly and let the seller decide, disclosing the agent's duties to each party✓ Correct
CPresent the cooperating agent's offer first as a professional courtesy
DReject the unrepresented buyer's offer to avoid complications
Explanation
A listing agent has a duty to present all offers to the seller promptly and in good faith. The seller makes the decision about which offer, if any, to accept. The agent must disclose agency relationships and cannot withhold or delay presenting offers.
Related Oklahoma Agency Questions
- The duty of loyalty in agency law requires the agent to:
- Under Oklahoma's agency disclosure requirements, which of the following must be disclosed by a dual agent?
- An Oklahoma seller refuses to accept a full-price offer because the buyer is of a different religion. The seller's listing agent should:
- The difference between actual authority and apparent authority in Oklahoma agency law is:
- When a single broker represents both the buyer and seller in the same transaction with informed consent, this is called:
- Oklahoma law allows a broker to act as an intermediary (transaction broker) provided:
- In Oklahoma, when an agent knows the property has been tested for radon and the results were elevated, the agent:
- In Oklahoma, when an agent represents the seller, the agent should NOT:
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