Is it true or false if a buyer or cooperating broker asks a listing broker about other offers on a property listed with that broker th code of ethics requires the listing broker to divulge the existe?

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1065766

2026-03-27 07:10

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True. According to the National Association of Realtors' Code of Ethics, if a buyer or cooperating broker inquires about other offers on a property, the listing broker is generally required to disclose the existence of those offers, unless the seller has instructed otherwise. This transparency helps maintain fairness and integrity in the transaction process. However, specific obligations may vary based on local laws and regulations.

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