What must a broker do when presenting an offer to a seller?

When presenting an offer to a seller, a broker is required to present all offers promptly and honestly. This obligation is rooted in the broker's fiduciary duty to act in the best interests of their client, the seller. By presenting all offers, the broker ensures that the seller has the opportunity to evaluate every potential sale opportunity, which enables informed decision-making. This practice promotes transparency and trust in the real estate transaction process.

The requirement to present all offers reflects the belief that sellers should be fully aware of their options and that they have the right to consider both high and low offers based on their personal goals and market conditions. This standard of practice also helps maintain professionalism and ethical conduct in the industry.

Not presenting certain offers, such as those below a specific price or disregarding any disclosures related to agency relationships, would violate the fiduciary responsibilities a broker has towards their client. Seeking approval from the buyer before presenting an offer is not part of a broker’s responsibilities as their role involves advocating for the seller's best interests regardless of the status of the buyer’s consent.