While gathering the paperwork to prepare an offer for your buyer client on a property listed with another brokerage, you overhear Bob, a salesperson at your office, mention that he has a buyer client who intends to make an offer on the same property as your buyer client this evening.

What relationship will your brokerage have with each of the buyers, if both decide to proceed with their offers?

Options:

1. My brokerage will have a multiple representation relationship with both buyers.
2. My brokerage will have a single representation relationship with both buyers.
3. My brokerage will have a multiple representation relationship with my buyer and a single representation relationship with Bob's buyer.
4. My brokerage will have a single representation relationship with my buyer client and a multiple representation relationship with Bob's buyer.