A real estate broker, acting for a seller, receives an offer to purchase from a buyer who is not represented by a broker. What duty does the seller's broker have towards this unrepresented buyer regarding the offer process?

Question: A real estate broker, acting for a seller, receives an offer to purchase from a buyer who is not represented by a broker. What duty does the seller's broker have towards this unrepresented buyer regarding the offer process?

Answer options:

• The broker must complete the 'Promise to Purchase' form on behalf of the unrepresented buyer and submit it to the seller. ✅ The broker must treat the unrepresented buyer fairly, impartially, and objectively, providing accurate information about the property.
• The broker must advise the unrepresented buyer to seek legal counsel to review the offer before submitting it.
• The broker is not obligated to assist the unrepresented buyer in any way beyond receiving their offer.

Correct answer: The broker must treat the unrepresented buyer fairly, impartially, and objectively, providing accurate information about the property.

Explanation: Article 8 of the Rules of professional conduct of brokers states that a broker must treat anyone with whom they deal fairly, impartially, and objectively, including unrepresented parties.