A real estate associate, Mark, represents a seller. A potential buyer asks Mark if the seller would accept a lower offer than the listed price if it were a quick close. What is Mark's duty regarding this inquiry?

Question: A real estate associate, Mark, represents a seller. A potential buyer asks Mark if the seller would accept a lower offer than the listed price if it were a quick close. What is Mark's duty regarding this inquiry?

Answer options: ✅ Mark must relay the question to the seller and communicate their response.

• Mark cannot answer and must inform the buyer to submit a written offer.
• Mark can indicate that the seller is motivated but cannot outright suggest a lower price.
• Mark should advise the buyer that confidentiality prevents him from discussing the seller's willingness to negotiate price.

Correct answer: Mark must relay the question to the seller and communicate their response.

Explanation: RECA Rules, Section 34(d) requires an industry member to promptly communicate all offers and counter-offers to their client. Inquiries about terms such as price are part of the negotiation process that must be communicated.