Agency
A Virginia listing agent receives an offer that is lower than the listing price but that the agent personally believes the seller should accept. The agent must:
ADecline to present it and counter at full price
BPresent the offer and advise the seller objectively✓ Correct
CRequire the buyer to raise the offer before presenting it
DWait to see if a better offer arrives within 3 days
Explanation
A listing agent has a fiduciary duty to present all offers to the seller promptly and provide objective advice. The agent may not withhold or delay an offer based on personal opinion about its merit.
Related Virginia Agency Questions
- A Virginia seller has instructed their listing agent to disclose a structural defect to all buyers. The agent fails to do so with one buyer. The broker may be liable for:
- Under Virginia law, a real estate agent who has actual knowledge of a material defect but fails to disclose it to a buyer may be held liable for:
- In Virginia, a real estate agent who hosts an open house for another agent's listing is:
- The Virginia Agency Disclosure Notice must be provided to a prospective buyer:
- If a Virginia buyer's agent learns that their client wants to make a low offer to test the seller's flexibility, this is:
- Which of the following best describes a 'designated agent' in Virginia?
- In Virginia, when a dual agent represents both buyer and seller, they must treat both parties:
- In Virginia, a seller's refusal to sell to a buyer based on the buyer's race is a:
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →