Which standard of practice includes the obligation to disclose offers?

The obligation to disclose offers typically falls under Standard of Practice 1-15. This standard addresses the requirement for real estate professionals to present all offers to clients promptly and to disclose any offers received by the client to all other parties involved in a transaction. This is essential in maintaining transparency and fairness in real estate dealings and helps to ensure that clients can make informed decisions based on all available offers.

Understanding this responsibility is crucial for real estate practitioners, as it not only fosters trust with clients but also adheres to ethical practices and legal obligations within the industry. Complying with this standard helps avoid potential disputes and promotes a fair negotiation process, reinforcing the integrity of the real estate profession.