FACTS:                    

The seller received multiple offers on the listed property.  After consulting with the owner, the listing agent submitted counter offers to two of the potential buyers.  One of the buyers accepted immediately and delivered the signed counteroffer to the listing agent.  The listing agent has not heard from the other buyer yet.

ISSUE:                      

How does the listing agent ensure that the other buyer does not accept the counter offer?

ANSWER:                

See discussion.

DISCUSSION:         

A counter offer can be revoked at any time prior to acceptance.  The seller should therefore immediately revoke the counter offer to the other buyer.

Note:  The Arizona REALTORS® Multiple Offer/Counter Offer form should be used to avoid potentially contracting to sell the property to two different buyers if the seller wishes to present multiple counter offers.