Agency
A Virginia listing agent receives a full-price offer from the seller's adult child. The agent must:
AAccept the offer on the seller's behalf
BDisclose the relationship between the buyer and seller to all parties and continue normally✓ Correct
CRefuse to present the offer
DReport it to VREB
Explanation
When a buyer and seller have a familial relationship, the agent should disclose this to all relevant parties. The relationship itself doesn't disqualify the transaction but must be transparent.
Related Virginia Agency Questions
- A Virginia buyer's agent who markets themselves as an 'Accredited Buyer's Representative' (ABR) holds:
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