What should a broker do when receiving multiple offers on a property?

When a broker receives multiple offers on a property, the correct approach is to submit all offers to the seller. This allows the seller to review each proposal and make an informed decision based on the terms, conditions, and potential benefits of each offer. By presenting all offers, including lower ones that may still have desirable terms, the broker ensures transparency and gives the seller the opportunity to negotiate or even counteroffer.

Submitting only the best offer does not provide the seller with a complete picture of their options and could result in losing out on other potentially favorable offers. Informing all buyers of the other offers can breach confidentiality and lead to complications in negotiations. Rejecting lower offers outright could dismiss opportunities that may meet the seller’s needs with modifications or additional terms. Therefore, presenting all offers gives the seller the best chance to assess their choices effectively.