Kovats Real Estate School Practice Test

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Prepare for the Kovats Real Estate Exam with our comprehensive quiz. Utilize multiple-choice questions and detailed explanations to boost your confidence and knowledge. Gear up for success!

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If a broker receives a written offer, what is their obligation?

Notify the buyer immediately
Share it with the seller at their discretion
Transmit it to the principal without delay
Consult legal advice before proceeding

The correct answer is: Transmit it to the principal without delay

When a broker receives a written offer, their primary obligation is to transmit it to the principal without delay. This duty is rooted in the broker's role as an agent representing the interests of their client, which could either be the seller or the buyer, depending on the arrangement. Timely communication of offers is crucial in real estate transactions, as it allows the principal to make informed decisions and respond appropriately. Failing to promptly relay offers could lead to missed opportunities or delays that negatively impact the transaction. The broker is required to act in the best interests of their principal, and this includes ensuring that they are kept informed of all relevant offers. In contrast, options such as notifying the buyer or sharing the offer at their discretion do not align with the broker’s legal and ethical obligations. Consulting legal advice, while potentially prudent in certain complex situations, is not a standard step required when an offer is received. The priority lies in the immediate and unfiltered transmission of the offer to the principal.