You receive an offer for a property listed at 1.2 million dollars for $400,000. When can you withhold this offer from your client?

Withholding an offer from a client is not permissible under Wyoming law. Real estate brokers have a fiduciary duty to act in their clients' best interests, which includes presenting all offers, regardless of their perceived value or the likelihood of acceptance. In this scenario, even if the offer of $400,000 is significantly below the listing price of $1.2 million, the broker must still present it to the client for their consideration.

Failure to present all offers can lead to a breach of the duty of loyalty and care that brokers owe their clients. This duty ensures that clients are fully informed about their options and can make decisions based on all available information, not just what the broker believes may be acceptable or adequate.

Therefore, no circumstances—whether regarding market value or a belief that the client might reject the offer—justify withholding the offer from the client. It's crucial for the broker to maintain transparency and uphold their ethical obligations in the transaction process.