PSI New Jersey Real Estate State Practice Exam

When dealing with multiple offers, a listing agent is required to:

1. Disclose all offers with details to each buyer

2. Present all offers to the seller

3. Inform buyers of the highest offer

4. Maintain confidentiality of the offers

The correct answer is: Present all offers to the seller

The requirement for a listing agent when handling multiple offers is to present all offers to the seller. This obligation ensures that the seller has a complete picture of their options and can make an informed decision about which offer to accept. Presenting all offers allows the seller to evaluate each one based on price, terms, contingencies, and other factors that might be important for their specific situation. In New Jersey, listing agents must adhere to ethical guidelines and state regulations, which mandate that they act in the best interest of their client, the seller. By presenting all offers, the agent supports transparency and enables the seller to consider every available opportunity without bias. Other options imply varying degrees of information sharing and disclosure that do not align with the agent's primary responsibility in this context. For example, disclosing all offers to buyers would violate confidentiality provisions and the seller's proprietary interests. Similarly, while keeping buyers informed about the status of the offer process is important, revealing the highest offer directly could lead to complications and disrupt fair negotiation processes. Thus, the correct focus for the agent is solely on presenting each offer to their client for consideration.