Agency
A West Virginia buyer makes multiple offers on different properties simultaneously. The buyer's agent should:
ARefuse to submit multiple simultaneous offers as it violates MLS rules
BAdvise the buyer of their obligations and ensure each offer is properly prepared; the buyer may make multiple offers simultaneously✓ Correct
CSubmit only the offer the agent believes is most likely to be accepted
DContact each listing agent to ask if multiple offers are permitted
Explanation
A buyer may make multiple offers simultaneously. The buyer's agent should advise the client about their obligations (including potentially having to purchase multiple properties if all are accepted) and prepare each offer properly.
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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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