What is the primary obligation of a listing associate when receiving a verbal offer as a single agent?

What is the primary obligation of a listing associate when receiving a verbal offer as a single agent?

• A. The associate can choose not to present the offer
• B. The associate must present the offer to the seller
• C. The associate should inform the buyer about market conditions
• D. The associate is required to discuss the offer with their broker

Answer: (B)

The primary obligation of a listing associate when receiving a verbal offer as a single agent is to present the offer to the seller. This responsibility stems from the fiduciary duty of the agent to act in the best interest of their client, which in this case is the seller. The listing associate must communicate all offers, whether verbal or written, to ensure the seller can make informed decisions regarding their property. This duty is integral to transparent and effective communication in the real estate transaction process, thereby facilitating trust and professionalism between the agent and the seller. Other options, while they may seem relevant, do not fulfill the primary obligation associated with the role of a listing associate. Not presenting an offer would violate this fiduciary duty. Informing the buyer about market conditions or discussing the offer with their broker, while potentially beneficial actions, do not replace the core responsibility of presenting offers directly to the seller.

The primary obligation of a listing associate when receiving a verbal offer as a single agent is to present the offer to the seller. This responsibility stems from the fiduciary duty of the agent to act in the best interest of their client, which in this case is the seller. The listing associate must communicate all offers, whether verbal or written, to ensure the seller can make informed decisions regarding their property. This duty is integral to transparent and effective communication in the real estate transaction process, thereby facilitating trust and professionalism between the agent and the seller.

Other options, while they may seem relevant, do not fulfill the primary obligation associated with the role of a listing associate. Not presenting an offer would violate this fiduciary duty. Informing the buyer about market conditions or discussing the offer with their broker, while potentially beneficial actions, do not replace the core responsibility of presenting offers directly to the seller.