What should a broker do if they encounter a potential error during a transaction?

Informing the client immediately is essential when a broker encounters a potential error during a transaction. Transparency is a fundamental principle in real estate practice, as it helps build trust and maintains a professional relationship with clients. By communicating any potential issues promptly, the broker enables the client to make informed decisions, which is critical for protecting the client’s interests.

Addressing errors early can also prevent further complications as the transaction progresses. Moreover, certain mistakes may have legal implications or affect the transaction's outcome, making it important for the client to be aware of them. By keeping clients informed, the broker ensures that they are part of the problem-solving process and can take the necessary steps to mitigate any adverse effects from the potential error. This approach not only fosters a positive relationship with the client but also upholds the ethical standards required in the real estate industry.