Difficulty: Medium

Average Score: 50%

The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present

Rationale

Only cash offers will be presented to the seller.

The broker must adhere to the seller's instruction to only consider cash offers when presenting them. Thus, the broker will filter the offers and present only those that meet the seller's criteria.

A (the highest cash offer to the seller.) YOUR ANSWER

While presenting the highest cash offer seems logical, the seller's specific instruction is to consider all cash offers, not just the highest. The broker's responsibility is to comply with the seller's directive without making assumptions about which offer may be preferable based solely on value.

B (the highest offer to the seller.) YOUR ANSWER

This choice is incorrect because it suggests presenting offers that may not be cash, which contradicts the seller’s requirement. The seller has explicitly stated they will only accept cash offers, so the broker cannot include offers that do not meet this condition.

C (only cash offers to the seller.) YOUR ANSWER

This option implies that the broker will limit the presentation to cash offers without specifying that multiple cash offers may exist. The seller has indicated a preference for cash offers, but the broker must still present all of them, not just a selection.

D (all offers to the seller) CORRECT

This choice accurately reflects the broker's obligation to present all cash offers to the seller. By doing so, the broker ensures that the seller has the complete picture of what is available, allowing them to make an informed decision.

Conclusion

In situations where sellers have specific criteria, such as only accepting cash offers, brokers must follow these guidelines. Presenting all cash offers ensures the seller can weigh their options, aligning with the seller's instructions while maintaining transparency in the transaction process.

Related Questions

View all