Applied Measurement Professionals (AMP) Real Estate Salesperson Practice Exam 2025 - Free Real Estate Practice Questions and Study Guide

Question: 1 / 400

As an agent for the seller, what can a real estate broker do?

Guarantee a prospective buyer that the seller will accept an offer at the listed price

Obtain an offer to buy the property from a prospective buyer

In the scenario presented, a real estate broker, acting as an agent for the seller, has the responsibility to facilitate transactions on behalf of the seller. Obtaining an offer from a prospective buyer is a fundamental aspect of this role. The broker's duty includes presenting the property's details and representing the seller's best interests, which naturally involves encouraging potential buyers to make offers.

When a broker secures an offer, it signifies that they are actively engaging in the negotiation process, which is essential for completing a sale. This action also aligns with the broker’s fiduciary duty to the seller, ensuring that the seller is fully informed and has opportunities to review and respond to offers.

The other options present actions that either overstep the authority of the broker or conflict with the seller's interests. Guaranteeing that a seller will accept an offer at the listed price could mislead buyers and violate ethical standards, as it cannot be validated until a formal agreement is reached. Advising a buyer on how to take title pertains more to legal and financial advisement, which may not align with the broker’s obligations to the seller. Changing the terms of the listing contract unilaterally would breach the contractual agreement with the seller and compromise the broker's position.

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Advise a prospective buyer on the best way to take title to the property

Change the terms of the listing contract without the approval of the seller

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