9. Before presenting a counteroffer from a seller to an Illinois licensee encounters another potential buyer. This second person asks the licensee to write an offer on the same property at a price lower than the first buyer's offer. The licensee should make appropriate disclosure and
Answer: B
The licensee should write the offer as requested and present it to the seller.
The licensee must comply with the second potential buyer's request to write an offer at a lower price and present it to the seller, ensuring all parties are informed of the situation.
A) tell the second potential buyer the property is sold
This option is incorrect because the property is not sold; it is still open to offers. Misleading the second potential buyer would not be ethical or compliant with real estate regulations.
B) write the offer as requested and present it to the seller
This option is correct as it allows the licensee to fulfill their duty to the second buyer while also ensuring that the seller is aware of all offers on the table. This transparency maintains ethical standards in real estate transactions.
C) refuse to write the offer for less than the seller's offer
Refusing to write the offer would not be appropriate since it disregards the second buyer's request and could limit the seller's options. The licensee must remain neutral and present all offers to the seller.
D) write the offer only after presenting the seller's counteroffer to the first buyer
This option is incorrect because it delays the process unnecessarily. The licensee can write the second buyer's offer immediately and present all offers to the seller for consideration.
Conclusion
Option B is definitively the correct choice as it balances the rights of both potential buyers while adhering to professional obligations. The other options either misrepresent the situation, limit the seller's options, or delay the process, which is not in the best interests of any party involved.