Although a home is listed for $170,000, the owner has told the licensee that she would accept any offer over $167,000. The licensee shows the home to a prospect, who says, 'Will the owner take $168,000?' The licensee should reply in which of the following ways
The property is listed at $170,000, but I will submit a lower offer to the owner.
The licensee should communicate that while the property is listed for $170,000, they are willing to submit a lower offer of $168,000 to the owner, in light of her stated willingness to consider offers above $167,000. This approach maintains transparency and adheres to the owner's instructions.
This response is misleading because it implies that the licensee has the authority to negotiate or speculate on the selling price without clarifying that an offer of $168,000 will be submitted. It does not address the owner's willingness to accept lower offers and can create confusion.
This statement presents an assumption about the owner's decision-making that the licensee cannot guarantee. It is inappropriate for the licensee to express certainty about the acceptance of the offer without first discussing it with the owner, which could lead to misunderstandings.
While this statement acknowledges the lower offer, it does not directly respond to the prospect's inquiry and unnecessarily complicates the situation by referencing potential changes to the listing price that may not be relevant. It fails to provide a clear course of action regarding the offer.
In this scenario, the licensee should accurately reflect the owner's willingness to consider offers over $167,000 and clearly communicate their intent to submit the proposed offer of $168,000. This maintains professionalism, adheres to the owner's guidance, and provides the prospect with a straightforward response to their question. Proper communication is vital in real estate transactions to uphold trust and clarity.
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