Am I required to use the Delayed Presentation of Offers Addendum with all listings?
No. The seller has 2 options:
- All offers are presented objectively and as quickly as possible. After presentation of an offer(s), the seller is in the driver’s seat and may accept, reject, counter, call for highest and best, or do nothing at all. This option offers the seller the most flexibility.
- The seller may direct the Listing Agent/Broker to hold all offers until a specific date/time. If this option is utilized, the Delay Addendum is required.
If you are not a fan of the Addendum, then option #1 above is the way to go.