If a customer presents an offer significantly lower than the property value, when are you allowed to withhold that offer from your client?

Prepare for the Wyoming Real Estate Broker Test with quizzes, flashcards, and multiple-choice questions. Hints and explanations included for each question. Ace your exam!

In a real estate transaction, the broker has a fiduciary duty to act in the best interests of their client. This includes the obligation to communicate all offers received, regardless of their amount. By withholding an offer, the broker could be potentially depriving the client of the opportunity to consider even low offers, which might still lead to negotiations or other favorable outcomes.

The ethical standards and legal requirements in real estate practice mandate that all offers, regardless of perceived seriousness or market value, be disclosed to the client. This transparency allows the client to make informed decisions based on their preferences, goals, and market conditions. Therefore, the correct approach is to present all offers to the client for their consideration, ensuring that the client retains control over their decisions in the transaction process.

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