QuestionMay 16, 2025

21) A broker negotiated the sale of a client's acreage. Shortly after the seller accepted the buyer's offer, the broker found out that the buyer's agent had recently arranged for the same buyer to pay a much higher price per acre for similar acreage nearby.In this situation: nothing can be done about it now that there's already a contract the broker should contact the other agent and try to renegotiate the contract the broker should disclose this information to the seller the contract is void for inadequate consideration

21) A broker negotiated the sale of a client's acreage. Shortly after the seller accepted the buyer's offer, the broker found out that the buyer's agent had recently arranged for the same buyer to pay a much higher price per acre for similar acreage nearby.In this situation: nothing can be done about it now that there's already a contract the broker should contact the other agent and try to renegotiate the contract the broker should disclose this information to the seller the contract is void for inadequate consideration
21) A broker negotiated the sale of a client's acreage. Shortly after the seller accepted the buyer's offer,
the broker found out that the buyer's agent had recently arranged for the same buyer to pay a much
higher price per acre for similar acreage nearby.In this situation:
nothing can be done about it now that there's already a contract
the broker should contact the other agent and try to renegotiate the contract
the broker should disclose this information to the seller
the contract is void for inadequate consideration

Solution
4.7(172 votes)

Answer

the broker should disclose this information to the seller Explanation In real estate transactions, brokers have a fiduciary duty to act in the best interest of their clients. The broker should disclose any material information that could affect the seller's decision, such as the buyer's willingness to pay more for similar property.

Explanation

In real estate transactions, brokers have a fiduciary duty to act in the best interest of their clients. The broker should disclose any material information that could affect the seller's decision, such as the buyer's willingness to pay more for similar property.
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