What is one reason a broker might be required to present a new offer to the offeree?

A broker may be required to present a new offer to the offeree if the broker believes the new offer is more favorable. This principle is rooted in the ethical obligations and fiduciary duty that brokers have to their clients. It is the broker’s responsibility to act in the best interest of their clients, which includes keeping them informed about all offers that may benefit them.

In this scenario, if the broker acknowledges that a new offer could provide better terms, such as a higher purchase price, more favorable contingencies, or other advantageous conditions, it would be their duty to ensure that the offeree is aware of this option. The concept of favorability implies a duty to maximize the client’s position in the transaction, ensuring they have the opportunity to make informed decisions based on the most advantageous current offers available.

The other choices touch on situations where the dynamics of the offer may not require an immediate presentation of a new offer, such as lack of response, the validity of the original offer, or the absence of a formal rejection, but they do not address the responsibility of the broker actively advocating for the client’s best interests based on changing circumstances in the market.