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Response in writing to Selling Agent of submitted offer to Seller

Posted by East Coast Realty Group on September 30, 2018
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Submitting an offer without a response:

Buyer’s offer needs a written response from the selling agent as proof of submission to the Seller. This is a new change to the NAR Code of Ethics

In an effort to improve and strengthening professionalism among Real Estate Agents, The National Association of Realtors® (NAR) has made changes to the Code of Ethics – Standard of Practice 1-7, during its meeting held on May 19, 2018, in Washington.

With this change, a listing Broker or Agent is required to respond in writing when being requested by the cooperating broker submitting an offer if his/her offer was submitted to the Seller. The listing broker or agent must respond in the affirmative unless the seller has provided written notification waiving the obligation to have the offer presented.

This will minimize or end the frustration of some Brokers/Agents when submitting an offer and not knowing if this was even presented to the Seller.

Information provided by Florida Realtors®

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