Tennessee Real Estate Exam Practice Question
When a seller lists property with a broker the broker must present
Correct Answer: D
Rationale: When a seller lists property with a broker, the broker has a fiduciary duty to present all offers to the seller. This ensures the seller can make informed decisions based on all available options.
Option A is incorrect because the broker must present all offers, not just the highest cash offer. Option B is misleading as it suggests only the highest offer should be presented, disregarding the seller's right to consider all proposals. Option C is wrong since it limits the offers to cash only, which may exclude viable financing options that could be beneficial for the seller. Presenting all offers allows for a comprehensive evaluation of potential sales.
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