29. A licensee discloses to a prospective buyer that she is a subagent of the listing broker. The buyer wants to submit an offer, but refuses to sign a written confirmation of the disclosure. What should the licensee do in this situation?
Answer: A
The licensee should provide a written statement of facts of the buyer's refusal to her broker.
In this situation, the licensee is required to document the buyer's refusal to sign a written confirmation of the disclosure. This action ensures that there is a clear record of the buyer's decision and protects the licensee in accordance with professional and legal obligations.
A) Provide a written statement of facts of the buyer's refusal to her broker.
This option is correct because it emphasizes the importance of documentation in real estate transactions. By providing a written statement to her broker, the licensee ensures that there is a formal record of the buyer's refusal, which is crucial for maintaining transparency and accountability in the transaction process.
B) Tell the buyer she is legally prevented from showing him properties.
This option is incorrect as it misrepresents the licensee's obligations. There is no legal requirement that prevents the licensee from showing properties to the buyer simply because the buyer refuses to sign a written confirmation. This could potentially lead to misunderstandings or disputes.
C) Take no further action since she has made oral disclosure.
This option is incorrect because taking no further action could leave the licensee vulnerable to claims of non-compliance with disclosure requirements. The lack of documentation regarding the buyer's refusal could create problems later in the transaction, making it essential to formally record the situation.
D) Refer the buyer to the listing broker.
This option is not the best course of action as it may not address the immediate issue of the buyer's refusal to sign a written confirmation. While referring the buyer to the listing broker could be a step taken later, it does not fulfill the licensee's obligation to document the refusal.
Conclusion
Providing a written statement of the buyer's refusal is the most appropriate action for the licensee, as it maintains a clear record of the disclosure process and protects her interests. Other options either misrepresent legal obligations or fail to adequately address the situation, highlighting the importance of proper documentation in real estate dealings.