Agency
A Utah buyer's agent who writes an offer significantly below market value on behalf of their buyer must:
ARefuse to write the offer as it may embarrass the seller
BWrite the offer as instructed by the buyer, as agents must follow lawful client instructions✓ Correct
CFirst obtain the seller's permission to submit a low offer
DAdd a cover letter explaining the low price to avoid misunderstanding
Explanation
An agent must follow lawful instructions from their principal. If the buyer instructs the agent to make a low offer, the agent must do so.
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Key Terms to Know
Buyer's Agent
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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