What should a real estate professional do when they receive an offer on a property?

Prepare for the RECA Residential Exam with targeted flashcards and multiple choice questions. Each question includes hints and explanations. Ensure your success with our engaging practice materials!

When a real estate professional receives an offer on a property, the appropriate action is to present the offer to the seller promptly. This is crucial because the seller has the right to know about all offers made on their property, and it allows them to make an informed decision regarding the sale. Ensuring that the seller is aware of the offer facilitates transparency in the sales process and upholds the duties of the real estate professional to act in the best interests of their client.

Prompt presentation of the offer respects the timelines typically associated with real estate transactions, as buyers may have certain expectations regarding how quickly their offers will be communicated. This action helps to maintain trust and a positive relationship between the seller and their agent, demonstrating professionalism and adherence to industry ethics and standards.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy