Michigan Real Estate Exam Practice Question
A written offer is delivered to the listing broker. The broker makes an appointment with the owner to present the offer at 7 p.m. That day, more offers arrive. Which offer should be presented at the 7 p.m. appointment?
Correct Answer: A
Rationale: Presenting all offers ensures the seller has a comprehensive view of their options, fostering informed decision-making. Each offer may contain unique terms that could appeal to the seller beyond just price.
Option B, presenting only the first offer, limits the seller's choices and may overlook more advantageous terms in subsequent offers.
Option C, focusing solely on the highest sale price, disregards other important aspects like contingencies and closing dates that could affect the sale's success.
Option D, while considering favorable terms, still restricts the seller's perspective by not including all available offers, potentially missing a better overall package.
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