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.

What should broker A do upon receiving two offers on Seller B's house?

Present both offers to the seller as soon as possible.
Accept the highest offer immediately.
Reject the all-cash offer.
Wait for more offers.

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

When a broker receives multiple offers on a property, it is their responsibility to present all offers to the seller as soon as possible. This allows the seller to make an informed decision and choose the best offer for their needs. Accepting the highest offer immediately (option B) may not be advantageous for the seller as there may be other factors to consider. Rejecting the all-cash offer (option C) without presenting it to the seller may not be in their best interest. Similarly, waiting for more offers (option D) may delay the selling process and potentially lead to missed opportunities. Therefore, it is best for a broker to present all offers to the seller as soon as possible (option A) to ensure a fair and timely decision can be made.