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

The correct approach for a listing broker when receiving several offers simultaneously is to present all offers to the seller. This ensures that the seller has the opportunity to review and compare all options available, making an informed decision that best meets their needs and interests. Presenting all offers fosters transparency in the transaction process and upholds the broker's fiduciary duty to the seller, which includes acting in their best interest.

This practice also aligns with ethical standards in real estate, as it prevents any bias or favoritism that could arise if only select offers are presented. By providing a complete view of all potential offers, the listing broker empowers the seller to negotiate effectively and explore all possibilities, which may lead to better terms and conditions for the sale of the property.

In contrast, presenting only the best or a limited selection of offers might restrict the seller’s choices and could lead to missed opportunities. Waiting for more offers before presenting could unnecessarily delay the transaction and may not benefit the seller, particularly if the received offers are favorable.