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Delivering All Offers
Question: Must real estate brokers deliver all offers?
Answer: In the general case, brokers must submit all written offers. However, there may be circumstances where a listing broker is directed in writing by an employing owner to summarily reject bids below a certain amount or bids with particular clauses. In some jurisdictions, perhaps most, state rules require brokers to present all written offers, regardless of owner instructions. While a broker may be required to present a written offer, however, there is no obligation for a seller to accept an offer or make a counter-proposal. Speak with local brokers for details.
Written by Peter G. Miller.
© 1997 Peter G. Miller. All Rights Reserved. Rules, Disclaimers & Notices.
Copyright © 2012 Realty Times. All Rights Reserved.
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