Tennessee Real Estate License Exam Practice Question
A licensee has presented an offer to a seller who wants 2 days to consider the offer. Meanwhile, the licensee receives a second offer that is not quite as good as the first one. What should the licensee do?
Correct Answer: A
Rationale: Presenting the second offer immediately ensures transparency and upholds the licensee's duty to act in the best interest of all parties involved. This allows the seller to make an informed decision based on all available options.
Option B, while considerate, may delay the process unnecessarily, as the seller should be aware of all offers at once. Option C is inappropriate because it withholds information that could influence the seller’s decision-making. Option D disregards the seller's right to evaluate all offers, potentially harming the relationship with the offeror and limiting the seller's choices.
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