What must an agent do if they receive an offer on behalf of the principal?

An agent has a fundamental obligation to act in the best interests of their principal, which includes the responsibility to communicate all offers received promptly and fairly. This duty ensures that the principal is fully informed of all opportunities, allowing them to make an informed decision about whether to accept, reject, or negotiate the offer.

Presenting all offers in a timely manner is crucial in agency relationships, as any delay could potentially disadvantage the principal, especially in competitive scenarios such as real estate transactions. The agent's role is not to filter or make subjective judgments about offers but to facilitate clear communication and provide the principal with all relevant information necessary for decision-making.

The other choices suggest actions that could lead to a breach of fiduciary duty. Ignoring an offer could deprive the principal of a potential opportunity; negotiating without consent could undermine the agent's authority and trust with the principal; and consulting with a personal advisor before presenting might delay the process and introduce unnecessary obstacles, ultimately not serving the principal's best interests. Thus, the core responsibility remains the timely presentation of all offers to allow the principal to act according to their wishes.