If potential buyers insist on writing an offer when their agent is unavailable, what must a broker consider?

When potential buyers want to submit an offer but their agent is not available, a broker must carefully consider the legal implications of representing the buyers in the absence of their agent. This situation raises important issues around agency relationships and the obligations brokers have under the law.

Agency law dictates that brokers and agents have a fiduciary duty to act in the best interests of their clients. If the broker steps in to represent the buyers while their agent is unavailable, it could create a conflict or misunderstanding about who represents the sellers and the buyers, potentially leading to legal issues if not handled correctly.

Understanding these legal implications ensures that all parties involved are protected and that the transaction proceeds in accordance with the regulations governing real estate practices in Oklahoma. This consideration is critical for maintaining professional standards and safeguarding the interests of both the buyers and the broker's agency.