If a prospective buyer at an open house is already represented by another licensee, what can the hosting licensee do?

The correct choice reflects the ethical and legal guidelines that govern real estate practices. If a prospective buyer is already represented by another licensee, the hosting licensee must respect that existing relationship. This principle is rooted in the concept of agency, where a licensee has a fiduciary duty to their client.

By not soliciting a buyer agent agreement, the hosting licensee is adhering to the ethical standards set forth by industry regulations, which prohibit interfering with an existing agency relationship. Soliciting a buyer agent agreement from someone who is already represented would undermine the buyer's current arrangement and could lead to potential legal disputes. Furthermore, it demonstrates professionalism and integrity, fostering a respectful environment within the real estate community.

Engaging with the buyer in a manner that acknowledges their current representation, rather than attempting to usurp it, exemplifies ethical business practices and helps maintain a positive reputation for both the hosting licensee and the broader industry.