California Real Estate Practice Exam

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Study for the California Real Estate Exam with confidence. Engage with interactive questions designed to enhance your understanding of real estate principles, laws, and practices. Prepare thoroughly for your licensing test and ensure you have the knowledge to succeed in your real estate career!

Practice this question and more.

According to the NAR code of ethics, once a seller has accepted an offer, a Realtor?

Must continue to show the property
Must renegotiate the offer
Can stop marketing the property
Is required to seek higher offers

The correct answer is: Can stop marketing the property

When a seller has accepted an offer, a Realtor is allowed to stop marketing the property in order to avoid multiple offers and potential conflicts. This is in accordance with the NAR's code of ethics, which promotes honesty and fairness in real estate transactions. Options A, B, and D are incorrect because they require the Realtor to continue seeking or actively negotiating other offers, which can be seen as unethical and potentially harmful to the original buyer who had their offer accepted. Furthermore, seeking higher offers after one has been accepted can also create a false sense of competition among potential buyers and diminish trust in the Realtor's representation. It is important for Realtors to follow the code of ethics and act in the best interest of their clients.