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

When a real estate agent receives multiple offers for a property, their primary duty is to present all offers to the seller. This ensures that the seller has all relevant information to make an informed decision regarding their property. Presenting every offer fosters transparency and trust in the agent-client relationship and allows the seller to evaluate not just the financial elements but also the terms and conditions of each offer.

Additionally, presenting all offers can lead to a more strategic approach for the seller. They might choose to negotiate with multiple potential buyers or compare terms beyond just the purchase price, which could include contingencies, closing dates, and other factors that influence the overall desirability of each offer.

In the context of ethical and legal responsibilities, agents are obligated to act in the best interests of their clients, which is served by providing comprehensive information about every offer received. This practice adheres to industry standards and helps maintain a fair and competitive marketplace.