Oregon Broker PSI Practice Exam

Must a real estate agent present all written offers to their client?

1. Yes, unless already under contract

2. No, only the best offers

3. Yes, all written offers

4. No, only offers that require negotiation

The correct answer is: Yes, all written offers

A real estate agent is ethically and legally obligated to present all written offers to their client. This is rooted in the agent's fiduciary duty to act in the best interest of their client, which includes keeping them informed of all potential opportunities in the transaction process. By presenting all offers, the agent ensures that the client can make an informed decision based on the full range of options available to them. Presenting every written offer enables the client to evaluate each potential offer's terms, conditions, and overall suitability. It also allows clients to consider all possibilities, such as countering or rejecting an offer based on their objectives and preferences without a narrowed perspective imposed by the agent. This duty persists even if the property is under contract; new offers may still warrant consideration, as they could present more favorable terms or opportunities for the seller. Additionally, this policy fosters transparency and trust between the agent and client, reinforcing the significance of the agent's role as an advisor in real estate transactions. This responsibility stands in contrast to the ideas of only presenting the best offers or selectively considering offers that necessitate negotiation. Being selective could compromise the client's right to make the most informed decision based on all possible options.