Agency
Which statement correctly describes a seller's agent's duty when a buyer makes an offer below the listed price?
AThe seller's agent must present all written offers promptly to the seller✓ Correct
BThe seller's agent may withhold low offers to protect the seller's interests
CThe seller's agent must advise the buyer to increase their offer
DThe seller's agent must disclose the seller's bottom-line price to encourage better offers
Explanation
A seller's agent has a duty of obedience and must promptly present all written offers to the seller, regardless of price. The agent cannot selectively withhold offers or advise buyers in ways that violate their fiduciary duty to the seller.
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