What must a real estate agent do if they receive multiple offers on a property?

When a real estate agent receives multiple offers on a property, their primary obligation is to present all offers to the seller. This ensures that the seller is fully informed of all potential options, allowing them to make a well-rounded decision based on the offers that are available. The agent's role involves acting in the best interests of the client, which is to ensure that they are aware of every opportunity for negotiation or acceptance.

Presenting all offers is also a key aspect of maintaining transparency and ethics in real estate transactions. It helps to uphold the fiduciary duty that agents have to their clients, ensuring that no offers are overlooked or filtered out without the seller's consent. By providing all offers, the agent allows the seller to evaluate each one based on their preferences, financial needs, and overall goals.

Choosing only the best offer or rejecting low offers without consulting the seller contravenes this duty, as it doesn't empower the seller to consider and negotiate terms that may meet their needs better than initially apparent. Holding offers without presenting them also undermines the seller's ability to capitalize on all potential interest in the property. Thus, a comprehensive presentation of all offers upholds the standards of professionalism and ethical responsibility in real estate practice.