What should a licensee do if a buyer wants to make an offer but does not have the earnest money funds?

When a buyer wants to make an offer but does not have the earnest money funds, the proper course of action is to draft the offer and disclose the absence of those funds. This approach maintains transparency and upholds ethical standards within the real estate transaction process.

The licensee has an obligation to act in the best interest of their client and must ensure that all relevant details are communicated to the seller or the seller's agent. Disclosing the absence of earnest money allows the seller to understand the buyer's position and enables them to make an informed decision about whether to accept the offer or consider other options.

Additionally, being upfront about the situation can help build trust between the buyer and the seller, as it demonstrates a willingness to be honest and forthright, which is crucial in any real estate negotiation. This approach is not only fair to all parties involved but also aligns with professional conduct expectations within the industry.