What must agents do when they receive an offer on a property?

Agents are required to immediately inform the seller and present any offers they receive on a property. This obligation is rooted in the fiduciary duty that agents owe to their clients, which includes acting in the best interests of the seller, fully disclosing all pertinent information, and facilitating the decision-making process.

By presenting the offer right away, the agent allows the seller to consider all options, including negotiations or counteroffers. This prompt communication ensures that the seller has the most current and comprehensive information to make informed decisions regarding their property.

In contrast, waiting for the seller to ask for the offer, reviewing the offer with a broker before informing the seller, or declining to present low offers would not comply with this fiduciary duty. Such actions could hinder the seller's ability to respond to potential buyers and could be seen as a disservice to their interests.