Agency
In Tennessee, a listing broker who accepts a buyer's offer on behalf of the seller and fails to present all other competing offers is:
AActing appropriately to get the transaction closed
BIn breach of fiduciary duty to the seller✓ Correct
CFollowing TREC's best practices
DEngaging in subagency
Explanation
The listing broker has a fiduciary duty to present all offers to the seller (unless the seller has instructed otherwise in writing). Withholding competing offers deprives the seller of information needed to make an informed decision.
Related Tennessee Agency Questions
- When a Tennessee listing agent accepts an offer on behalf of the seller without the seller's authorization, this act:
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