According to the Maryland Code of Ethics, which statement most accurately describes a licensee's responsibility related to written offers on their listings?
A.
A licensee is only required to present formal written offers that are equal to or more than the listing price.
B.
A licensee is only required to present formal written offers within a certain range of the listing price of the property.
C.
All formal written offers received by the licensee must be presented to the owner, even after the seller accepts an offer.
D.
All formal written offers received by the licensee must be presented to the owner until the seller accepts an offer.
Under COMAR 09.11.02.33A(5) and the Maryland Code of Ethics, a licensee must promptly present all written offers to the property owner until an offer has been accepted. After acceptance, new offers need not be presented unless the seller specifically requests. This rule ensures fair treatment and full disclosure to clients while maintaining professional standards of practice.
[Reference:Maryland 60-Hour Principles and Practices Course – “Fair Housing and Ethics” Module; COMAR 09.11.02.33A(5)., , , ]
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