If competing offers are withdrawn so that the sole remaining offer is no longer in competition, what must the listing agent do?

• A. Advise the buyer or their agent of that fact.
• B. Do nothing.
• C. Disclose the identities of the competing buyers.
• D. Advise the seller's lawyer only.

Answer: (A)

When offers are on the table and some are withdrawn, the situation changes for the remaining offer, so all parties involved deserve up-to-date information. The listing agent should promptly inform the buyer’s agent that competing offers have been withdrawn because this transparency helps the buyer’s side reassess their position and make informed decisions. It upholds fair dealing and prevents any miscommunication about the current stage of negotiations. Keeping this information to the seller’s lawyer only or choosing to do nothing would leave the other party uninformed or could violate expectations of open communication. Disclosing the identities of the competing buyers is not required and could raise privacy concerns.