According to the NAR code of ethics, what can a Realtor do once a seller has accepted an offer?

Study for the California Real Estate Broker Exam. Utilize flashcards and multiple choice questions, each with hints and explanations. Prepare efficiently and effectively for your licensing exam!

Once a seller has accepted an offer, the correct action for a Realtor, according to the NAR Code of Ethics, is to stop marketing the property. This is because the acceptance of an offer represents a mutual agreement between the buyer and seller, indicating that the property is effectively off the market as the parties are engaged in a contract to proceed with the sale. Continuing to market the property could create confusion, potential legal issues, or the appearance of bad faith if another buyer emerges while a contract is already in place.

Stopping marketing ensures that the Realtor respects the terms of the accepted offer, honors the contractual agreement, and protects both the buyer's and seller's interests. The Realtor's duty is to maintain professionalism and integrity throughout the transaction, which includes safeguarding the buyer's position after the seller has committed to a sale.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy