If a realtor receives multiple offers on a listing, what should they do?

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Prepare for the Real Estate Council of Ontario (RECO) Exam. Use flashcards and multiple-choice questions, each with hints and explanations. Get ready for your exam!

Presenting all offers to the seller and advising them without favoring any option is the appropriate action for a realtor when they receive multiple offers on a listing. This approach ensures transparency and respects the seller's right to evaluate all proposals fairly. By presenting each offer, the realtor empowers the seller to make an informed decision based on the merits of each offer, rather than limiting their options.

This method also fosters trust between the realtor and the seller, as it demonstrates the realtor's commitment to representing the seller’s best interests ethically and professionally. The realtor must provide an objective analysis of the offers, outlining any pertinent details such as price, conditions, and closing dates, allowing the seller to weigh the pros and cons of each.

In contrast, choosing only the highest offer to present undermines the fairness of the process and does not take into consideration other critical factors that might be important to the seller, such as the terms or conditions attached to the offers. Rejecting all offers except for the first one received limits the seller's choices and could lead to missed opportunities. Advising the seller to wait for more offers without presenting the current ones could cause delays in the selling process and may not be in the seller's best interest, especially if the offers already on the table

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