BC Real Estate Trading Services Licensing Exam Practice · Question
A seller receives three offers on their property. Which of the following is the MOST ethical action for the seller's agent?
A seller's agent has a fiduciary duty to present all offers to the seller, regardless of the terms. It's the seller's decision which offer to accept or counter,
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Question: A seller receives three offers on their property. Which of the following is the MOST ethical action for the seller's agent?
Answer options:
- Disclose the terms of all offers to each competing buyer to encourage higher bids. ✅ Present all offers to the seller as quickly as possible, ensuring the seller is fully aware of their contents.
- Reject the lowest offer without presenting it to the seller to save time.
- Advise the seller to only consider unconditional offers.
Correct answer: Present all offers to the seller as quickly as possible, ensuring the seller is fully aware of their contents.
Explanation: A seller's agent has a fiduciary duty to present all offers to the seller, regardless of the terms. It's the seller's decision which offer to accept or counter, not the agent's.
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Question explanations
- A developer, Grandview Developments Ltd., plans to build a new condominium project in Kelowna. They register a
- Michael, a real estate licensee, is assisting his client Jane in purchasing a commercial property at 123 Main
- A buyer, David, has entered into a Contract of Purchase and Sale for a vacant lot in Tofino. David's lawyer di
- Maria is purchasing a unit in a newly constructed strata building in Squamish. Her real estate licensee, Ken,
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