Question
A seller has listed a home with a broker for $112,000. The seller is leaving for a 45-day cruise midway through the listing period, and
A seller has listed a home with a broker for $112,000. The seller is leaving for a 45-day cruise midway through the listing period, and authorizes the broker through a limited power of attorney to accept any offer of all cash at a price of $108,000 or more pending his return. The broker receives an offer for $110,000 all cash. The broker
a. must forward the offer to the seller's attorney for consideration
b. may not accept the offer until the seller returns
c. may sign a deed of conveyance if the seller does not return on time.
d. may accept the offer
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