Illinois Real Estate Exam Practice Question
Before presenting a counteroffer from a seller to an Illinois licensee encounters another potential buyer. This second person asks the licensee to write an offer on the same property at a price lower than the first buyer’s offer. The licensee should make appropriate disclosure and
Correct Answer: B
Rationale: In this scenario, writing the offer as requested and presenting it to the seller is appropriate because it respects the rights of the second potential buyer while ensuring that all offers are considered. This approach maintains transparency and fairness in the transaction process.
Option A is incorrect; misrepresenting the property's status would violate ethical standards. Option C is also wrong; refusing to write the offer dismisses the second buyer's interest and could limit potential sales opportunities. Option D is misleading, as it suggests prioritizing one buyer over another, which could create conflicts of interest and hinder the seller's ability to evaluate all offers fairly.
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