When must all offers be communicated to the other party?

The requirement that all offers must be communicated "immediately, but no later than 3 days" reflects the expectation in real estate transactions for prompt communication to ensure that both parties have the opportunity to respond and engage in negotiations. This timing is crucial because delays can lead to lost opportunities, misunderstandings, or the chance for other potential buyers or sellers to step in.

In real estate, effective communication is key to transaction success, and a three-day window serves to balance the need for immediate response with practical considerations that may arise. This allows agents and their clients enough time to review offers carefully while still prioritizing timely interactions that can escalate or close deals effectively. Therefore, the emphasis on being both immediate and within a reasonable timeframe aligns with industry best practices and promotes ethical standards in real estate dealings.