A licensee presents an offer on his own listing for less than the asking price. While the seller is considering it, a broker from another firm advises the listing licensee that she has a written offer for the asking price. What should the listing licensee do?

Delaying the presentation of the second offer until after the acceptance date of the first offer is not advisable, as it could prevent the seller from considering all available options. The seller should have the opportunity to evaluate all offers in a timely manner to make an informed decision.

Waiting for the first offer to be accepted or rejected is contrary to the obligation of the listing licensee to present all offers promptly. This approach could disadvantage the seller by limiting their options rather than allowing them to consider multiple possibilities at once.

While advising the seller on strategies is part of a broker's role, it is inappropriate to withhold the second offer until a counteroffer is decided upon. The seller should receive all offers to make a well-informed choice, including counter-offer strategies, if desired.