Idaho Real Estate Practice Exam

When a second broker learns of a property through the MLS while working with a buyer, what is their obligation?

1. Only assist the buyer in writing an offer

2. Inform the seller of the buyer's interest

3. Assist the buyer in writing an offer less than asking price if directed

4. Negotiate with the seller on behalf of the buyer

The correct answer is: Assist the buyer in writing an offer less than asking price if directed

The correct answer highlights the broker's obligation to act in the best interest of the buyer they represent. In this situation, when a second broker discovers a property listed in the MLS and is working with a buyer, they are expected to assist the buyer in formulating an offer. If the buyer indicates a desire to make an offer below the asking price, the broker must proceed accordingly, ensuring they are complying with the buyer's instructions and providing appropriate guidance during the negotiation process. In real estate transactions, it's crucial for brokers to advocate for their clients. This includes negotiating terms that align with the buyer's goals. Therefore, if the buyer wants to make a lower offer, it falls within the broker's responsibilities to assist them in that process while representing their best interests throughout the negotiation. Other options imply obligations that may not align with the primary duties of representing the buyer. For instance, simply assisting with an offer, inform the seller of the buyer's interest, or negotiating on behalf of the buyer without clear direction regarding the offer would not fully address the broker's role of advocating for their client's stated desires and strategy.