The Browns have a real estate agreement with Sell Fast Real Estate Company. A couple makes a ridiculously low offer on their home, which is five-bedrooms, five-baths in Malibu. The offer is $200,000 less than the Browns' asking price.
Does the broker have to present the offer to the Browns, even if it is obviously going to be rejected and waste everyone's time?
a) No, if an offer is clearly not going to be accepted, the broker, acting in the seller's best interest, does not have to present the offer.
b) Yes, according to the regulations of the Real Estate Purchase Agreements in c) California, all offers received by the broker must be presented to the seller, no matter how out of line with expectations.
d) Yes, the agent, acting in the seller's best interest, must present the offer. In discussing the property with other prospective buyers, there is a record of an offer having been extended, making the property appear desirable.
e) None of the Above
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