A buyer's salesperson is preparing to submit an offer on behalf of their client for a property listed on the MLS. The listing brokerage has indicated that offers will be reviewed on a specific date and time. What best describes the salesperson's ethical duty regarding the offer submission process?

Question: A buyer's salesperson is preparing to submit an offer on behalf of their client for a property listed on the MLS. The listing brokerage has indicated that offers will be reviewed on a specific date and time. What best describes the salesperson's ethical duty regarding the offer submission process?

Answer options:

• The salesperson must submit the offer to the listing brokerage well in advance of the stipulated review time to allow the seller ample opportunity to consider it.
• The salesperson should strive to submit the offer as close to the stipulated review time as possible to prevent other buyers from gaining an unfair advantage. ✅ The salesperson must submit the offer by the stipulated date and time, ensuring it is prepared according to the buyer's instructions and presented fairly.
• The salesperson has no obligation to adhere to the listing brokerage's offer review timeline, as their primary duty is to their own client's best interests.

Correct answer: The salesperson must submit the offer by the stipulated date and time, ensuring it is prepared according to the buyer's instructions and presented fairly.

Explanation: Salespersons must act in good faith and adhere to the established procedures for offer submission, as long as it aligns with their client's instructions. This ensures fair dealings and transparency in the offer process, as per the Code of Ethics under REBBA.