If a listing broker receives several offers at the same time, what should the broker do?

When a listing broker receives multiple offers simultaneously, the appropriate course of action is to present all the offers to the seller. This ensures that the seller has all available options to consider, allowing them to make an informed decision about which offer best meets their needs and objectives.

Presenting all offers promotes transparency and fairness in the transaction process, enabling the seller to evaluate terms, conditions, and potential benefits from each offer. Skipping any of the offers could lead to a missed opportunity for the seller or create potential liabilities for the broker, who has a fiduciary duty to act in the best interest of their client. Moreover, presenting all offers fosters good faith and trust in the broker-seller relationship, as the seller feels adequately informed and empowered in the decision-making process.

In contrast, limiting the presentation to only the best offers or waiting for more offers would not serve the seller's interests optimally and may violate ethical and legal obligations tied to the broker's duties.