Agency
In South Dakota, when a buyer's agent assists their client in making an offer significantly above market value, the agent should:
AEnthusiastically support the buyer's decision to pay more
BInform the buyer that the offer is above market value based on comparable sales, serving their duty of disclosure and loyalty✓ Correct
CContact the listing agent to coordinate on a fair price
DAdvise the buyer to match any competing offers without regard to value
Explanation
An agent's duty of loyalty and disclosure requires informing their client when they are about to make a potentially disadvantageous financial decision, such as overpaying significantly for a property.
Related South Dakota Agency Questions
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