If an offer is received and the seller cannot be reached in Canada on vacation, the licensee must?

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Multiple Choice

If an offer is received and the seller cannot be reached in Canada on vacation, the licensee must?

Explanation:
The key idea is the licensee’s duty to present offers to the seller promptly, even if the seller is temporarily unavailable. If contact with the seller is possible, the licensee should relay the offer so the principal can evaluate it and respond. The phrase “unless the seller instructs the licensee to wait” recognizes that if the seller has given a specific instruction to pause, that instruction must be followed. But in the absence of such guidance, informing the seller of the offer is the correct action because it ensures the principal has the information needed to make a timely decision. Holding the offer, forwarding it to the buyer, or delaying action without instruction would not align with the fiduciary duty to present offers and to keep the principal informed.

The key idea is the licensee’s duty to present offers to the seller promptly, even if the seller is temporarily unavailable. If contact with the seller is possible, the licensee should relay the offer so the principal can evaluate it and respond. The phrase “unless the seller instructs the licensee to wait” recognizes that if the seller has given a specific instruction to pause, that instruction must be followed. But in the absence of such guidance, informing the seller of the offer is the correct action because it ensures the principal has the information needed to make a timely decision. Holding the offer, forwarding it to the buyer, or delaying action without instruction would not align with the fiduciary duty to present offers and to keep the principal informed.

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