Under Standard of Practice 1-15, does a listing agent have an affirmative obligation to disclose the existence of multiple offers to buyers agents, or must they ask?
If you read that section thoroughly, it says “in response to inquires”. Thus, there is no affirmative obligation to disclose multiple offers unless asked. Keep in mind that the listing agent must always keep the seller’s best interest in mind. If the listing agent and the seller have discussed this issue, and the seller is lead to believe that all buyers will be told when there are multiple offers, then it would be a good idea for the listing agent to disclose, even if not asked, as that is what the seller expects.
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