California Real Estate Practice Exam

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Master the California Real Estate Exam with our comprehensive practice quiz. Get expert tips, detailed content review, and insider strategies to pass on your first try.

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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.