A full-price offer is received by a broker on a house he has listed in accordance with the terms of the listing. Before he was able to present the offer to the seller, another offer is received. This new offer is $500 less but with slightly better terms. The listing broker should ________.
1) Refuse to accept the second offer
2) Present both offers at the same time
3) Tell the other broker the property has been sold
4) Present both offers in the order received