Agency
A Washington listing broker representing the seller has a duty to present all offers to the seller. An exception to this duty may exist when:
AThe offer is below the listing price
BThe seller has given written instructions to the broker about specific offer criteria✓ Correct
CThe listing has multiple offers already
DThe buyer does not have pre-approval
Explanation
A listing broker must present all offers unless the seller has given written instructions otherwise — for example, instructing the broker not to present offers below a certain price. Without such written seller authorization, all offers must be presented.
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Key Terms to Know
Pre-Approval
A lender's conditional commitment to loan a specific amount to a borrower, based on verified income, credit, and assets.
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.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
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