Is a seller agent required to seek additional offers while a property is under a contract of sale?

A seller agent is not required to seek additional offers while a property is under a contract of sale. This is a crucial aspect of the real estate process that highlights the obligations of agents. Once a property is under contract, the seller's agent has a fiduciary duty to their current client, the seller, which includes acting in their best interest and ensuring that the transaction is completed. Actively seeking new offers could create conflicts of interest or complicate the existing agreement.

Additionally, the accepted offer creates an exclusive commitment between the seller and the buyer for the duration of the contract. The seller's agent must focus on fulfilling the terms of this contract, which aligns with the professional standards expected in real estate transactions. The agent is obliged to communicate any significant updates or issues that arise during the contract period, but actively soliciting new buyers isn’t part of their required duties once a sale is in process.