Tennessee Real Estate Exam Practice Question
A listing broker receives three offers before the appointment to present the first one. Which offer(s) should be presented to the owner?
Correct Answer: A
Rationale: Presenting all three offers ensures the seller has a comprehensive view of their options, allowing for an informed decision. Each offer may have unique terms that could appeal to the seller's situation beyond just price.
Option B, presenting only the first offer, limits the seller’s choices and potential benefits from other offers that may be more favorable.
Option C, focusing solely on the highest sale price, overlooks other critical terms that could impact the overall value and feasibility of the sale.
Option D, while emphasizing favorable terms, may inadvertently exclude viable offers that could still meet the seller's needs.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now