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Posted by PRO Mon, 20 Mar 2006 14:17:00 GMT
The listing broker shall make arrangements to present an offer as soon as possible or give the cooperating broker a satisfactory reason for not doing so.
Posted by PRO Mon, 20 Mar 2006 14:19:00 GMT
Listing Participants, in response to inquiries from buyers or cooperating brokers, shall, with the seller’s approval, disclose the existence of offers on the property. Where disclosure is authorized, the listing Participant shall also disclose whether offers were obtained by the listing Participant in the listing firm, or by a cooperating broker.
Posted by PRO Mon, 20 Mar 2006 14:22:00 GMT
The listing broker submits to the seller all written offers until closing unless prevented by law, government rule, regulation, or an agreement in writing between the seller and the listing broker.
Unless the subsequent offer is contingent upon the expiration of an existing contract, the listing Participant must recommend that the seller obtain the advice of legal counsel prior to its acceptance.
Posted by PRO Mon, 20 Mar 2006 14:23:00 GMT
The cooperating broker or the cooperating broker’s representative has the right to be present in person or by phone when a secured offer is presented by the listing broker to the seller. However, if the seller or lessor gives written instructions to the listing broker that the cooperating broker is not to be present when an offer the cooperating broker secured is presented, the cooperating broker has the right to a copy of the seller’s written instructions.
The cooperating broker does not have the right to be present at subsequent discussions or evaluations of the offer by the seller and the listing broker.
The listing broker maintains the right to control the establishment of appointments for such presentations.
Posted by PRO Mon, 20 Mar 2006 14:25:00 GMT
The listing broker or his representative has the right to participate in the presentation of counter-offers made by the seller or lessor. However, if the purchaser or lessee gives written instructions to the cooperating broker preventing the listing broker’s presence when a counter-offer is presented, the listing broker has the right to a copy of the purchaser’s or lessee’s written instructions.
The listing broker does not have the right to be present at the discussions or evaluations of a purchaser’s or lessee’s counter-offer.
Posted by PRO Mon, 20 Mar 2006 14:27:00 GMT
If the seller refuses to accept a written offer that satisfies the terms and conditions stated in the listing, this information is to be transmitted immediately to the MLS and to all Participants.