How long does a listing agent have to present a written offer to his sellers?
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How long does a listing agent have to present a written offer to his sellers?
Asked on March 13, 2012 under Real Estate Law, California
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Custom and practice in the real estate community in all states in this country, the listing agent is to present an offer by the selling agent and potential buyers to his clients as soon as practicable. The time period depends upon access to the sellers. Typically it is presented within 24 hours of submission by the potential selling agent.
Common methods now are by e mail, fax and in person review. It is imperative that the offer be presented to the seller before it expires.
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