New Jersey Real Estate Practice Exam Practice Question
The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home, so the broker will present
Correct Answer: D
Rationale: When presented with multiple offers, the listing broker must act in the best interest of the seller. Presenting all offers (Option D) ensures that the seller is fully informed of their options, including cash offers and potentially valuable non-cash offers that may be negotiable.
Option A, while focused on cash, limits the seller's view to just the highest cash offer, potentially overlooking other advantageous terms. Option B incorrectly suggests presenting all offers without regard to the seller's cash-only preference. Option C, while including only cash offers, fails to provide the seller with a complete picture of the market, which could influence their decision-making.
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