What is the obligation of a licensee representing a seller in regards to offers?

Prepare for the Indiana State Indy Metro PC Test with flashcards and multiple-choice questions, each with detailed explanations and hints. Ace your exam efficiently!

The correct answer highlights the ethical and legal responsibilities of a licensee representing a seller. A licensee must present all written offers to purchase from cooperating brokers promptly upon request or as they are received. This obligation ensures transparency in the transaction process and allows the seller to make informed decisions regarding potential offers.

Presenting all offers, regardless of the perceived value, ensures that sellers have the opportunity to consider every option available to them, fostering a professional and trustworthy relationship between the client and the agent. It also aligns with the principle of fiduciary duty, wherein the licensee is required to act in the best interest of the seller.

By adhering to this obligation, the licensee not only complies with legal standards but also enhances the seller’s trust and confidence in their real estate representation.

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