Which statement is true regarding multiple offers in real estate?

In real estate transactions involving multiple offers, a key point is that the seller must approve the disclosure of those multiple offers to interested buyers. This means that while agents may inform buyers that there are multiple offers on a property, it is ultimately the seller who decides how much information about those offers will be shared. This discretion allows the seller to manage the negotiation process and determine how they wish to proceed in evaluating potential buyers' offers.

Having this control is important because sellers may want to maintain confidentiality regarding the specific terms or strengths of competing offers. Therefore, understanding that the seller holds the authority over the disclosure of multiple offers highlights the balance in real estate negotiations where both buyer interest and seller strategy play critical roles.