A licensee has a listing on a house and lot. A potential buyer makes an offer on that property contingent upon obtaining a conventional loan. The offer is accepted by the seller. At which point should the listing licensee consider her obligation to the seller to have ended

The obligation does not end when the buyer simply makes an offer. At this stage, the licensee is still actively working with the seller to negotiate the terms and ensure the offer is acceptable. The seller may not agree to the terms, and thus the licensee’s responsibilities continue.

Acceptance of the offer marks a significant milestone but does not conclude the licensee's obligations. The buyer's financing must still be secured, and other contingencies must be satisfied before the transaction can close. Until the sale is complete, the licensee remains accountable to the seller.

Approval of the buyer's financing is an important step, yet it does not finalize the transaction. There are still other aspects, such as inspections and closing processes, that must be completed. The licensee's duty to the seller persists until the deal is fully executed.