Based on the seller's consent, a broker decides to promote an MLS listing for a property by making a blanket offer of subagency. Is the broker's action acceptable?

Question

08-03-2025
Business

High School

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Based on the seller's consent, a broker decides to promote an MLS listing for a property by making a blanket offer of subagency. Is the broker's action acceptable?

Answer :

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namsha24 namsha24 · Answer 1 · 2023-07-21T23:41:21-04:00

Final answer:

A broker can make a blanket offer of subagency with the seller's consent, as it's generally permissible if done transparently and according to local real estate laws and regulations. This action should adhere to ethical standards, ensuring both the buyer's and seller's interests are considered and respected in the transaction.

Explanation:

Based on the seller's consent, a broker making a blanket offer of subagency to promote an MLS listing is generally acceptable practice, though it depends on the specific regulations and common practices in the area where the transaction is occurring. It is crucial, however, for a broker to act in the best interests of their client, the seller, and to ensure that any offer of subagency is made transparently and with the consent of all involved parties, supporting the honest realtor standard. The broker's action should also comply with real estate laws and regulations to avoid any form of illegal collusion or conflict of interest.

In the context provided, the broker's responsibility is to facilitate a transaction that is beneficial to both the buyer and the seller. The seller must be willing to provide some surplus to the buyer to reach an agreement, considering the buyer's valuation of the property. Professional behavior, such as not pushing a particular property onto a buyer knowing it does not meet their needs, is imperative to maintain trust and ethics in real estate transactions.