What is the potential consequence if a property seller does not accept a recommended price adjustment by their broker?

What is the potential consequence if a property seller does not accept a recommended price adjustment by their broker?

• A. Broker is relieved of all responsibilities
• B. Broker must adhere to original terms
• C. Broker can terminate the listing agreement
• D. Broker may face legal penalties

Answer: (B)

The most appropriate consequence for a property seller who does not accept a recommended price adjustment by their broker is that the broker must adhere to the original terms of the listing agreement. This reflects the contractual relationship between the broker and the seller—the broker is required to follow the terms agreed upon at the outset of the listing unless mutually modified by both parties. In real estate practices, a broker can provide advice and make recommendations based on market conditions, comparable sales, and other relevant factors. However, the seller retains ultimate control over pricing decisions. Therefore, if a seller chooses not to accept the broker's recommendation to adjust the listing price, the broker cannot unilaterally change the agreement. This maintains the integrity of the contractual agreement while allowing the seller to make their own informed decisions. The other options explore different dynamics that do not accurately reflect the broker's obligations. For instance, while a broker may wish to terminate a listing or assert that they have been relieved from all responsibilities under certain conditions, these actions are not automatic consequences of a seller rejecting price adjustments. Similarly, legal penalties typically arise in cases of misconduct or violation of statutes, rather than a disagreement on pricing strategies.

The most appropriate consequence for a property seller who does not accept a recommended price adjustment by their broker is that the broker must adhere to the original terms of the listing agreement. This reflects the contractual relationship between the broker and the seller—the broker is required to follow the terms agreed upon at the outset of the listing unless mutually modified by both parties.

In real estate practices, a broker can provide advice and make recommendations based on market conditions, comparable sales, and other relevant factors. However, the seller retains ultimate control over pricing decisions. Therefore, if a seller chooses not to accept the broker's recommendation to adjust the listing price, the broker cannot unilaterally change the agreement. This maintains the integrity of the contractual agreement while allowing the seller to make their own informed decisions.

The other options explore different dynamics that do not accurately reflect the broker's obligations. For instance, while a broker may wish to terminate a listing or assert that they have been relieved from all responsibilities under certain conditions, these actions are not automatic consequences of a seller rejecting price adjustments. Similarly, legal penalties typically arise in cases of misconduct or violation of statutes, rather than a disagreement on pricing strategies.