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Which of the following statements regarding the proper handling of multiple offers in North Carolina is TRUE?
Suggested Answer: B
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According to NCREC rules and guidance, a listing broker is obligated to continue presenting all offers to the seller until closing, unless specifically instructed otherwise by the seller in writing. Even if the seller has accepted an offer, other offers must still be presented unless the transaction is completed. Brokers are not required to disclose the terms of competing offers (doing so requires written consent), nor are they required to prioritize offers based on price alone. Therefore, the correct and legally accurate answer is B.
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4 comments · newest first
TA
Tamekia
6 hours ago
I remember something about prioritizing offers, but I thought it was more about fairness than just going for the highest. So, D seems off to me.
MA
Maile
5 days ago
I practiced a question like this, and I think it was about disclosing offers. I’m leaning towards A, but I’m not completely confident.
SH
Sherly
11 days ago
I'm not entirely sure, but I feel like they have to disclose multiple offers to buyers before they make an offer. That sounds like C, right?
GO
Goldie
16 days ago
I think I remember that a listing broker has to keep presenting offers, even if one has been accepted. So, maybe B is the right answer?