Michigan Real Estate Exam Practice Question
The listing broker has been presented with multiple offers. The seller would accept only a cash offer on the home. The broker must present:
Correct Answer: D
Rationale: In this scenario, the listing broker has a fiduciary duty to present all offers to the seller, regardless of their terms. This ensures the seller is fully informed and can make the best decision.
Option A, presenting only the highest cash offer, limits the seller's options and does not fulfill the broker's obligation to disclose all potential opportunities.
Option B, presenting the highest offer, ignores the seller's specific requirement for cash offers only.
Option C, presenting only cash offers, fails to provide the seller with the complete picture of all cash offers received, which could include varying terms and conditions. Thus, presenting all offers allows the seller to make a well-informed decision.
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