Virginia Real Estate Exam Practice Question
You failed to present an offer on behalf of your client in a timely manner. As a result, the seller accepted a lower offer from another buyer. For which of the following could your buyer sue you?
Correct Answer: C
Rationale: In this scenario, negligence applies because failing to present an offer in a timely manner constitutes a breach of the duty of care owed to the client. This lapse can lead to financial loss, justifying a lawsuit.
Option A, fraud, requires intent to deceive, which is not present here. Option B, misrepresentation, involves providing false information, which does not fit the situation as it revolves around inaction rather than misinformation. Option D, puffing, refers to exaggerated statements that are not meant to be taken literally, making it irrelevant in this context. Thus, negligence is the most appropriate basis for a lawsuit.
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