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!

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What should a broker do upon receiving two offers on a house listed for sale?

  1. Accept the highest offer

  2. Accept the first offer received

  3. Present both offers to the seller as soon as possible

  4. Consult with a lawyer before taking any action

The correct answer is: Present both offers to the seller as soon as possible

It is important for a broker to present both offers to the seller as soon as possible because the seller has the right to choose which offer to accept. By only accepting the highest offer or the first offer received, the broker is not giving the seller the opportunity to compare and make an informed decision on which offer is best for them. Consulting with a lawyer may not be necessary unless there are legal concerns, but it should not be the first action taken when receiving multiple offers.

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