Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A broker lists a small office building for rent. The owner tells the broker that the building contains 5.000 square foot. The broker advertises the

A broker lists a small office building for rent. The owner tells the broker that the building contains 5.000 square foot. The broker advertises the property as 5.000square foot without verifying the square footage. A tenant the property with his agent who shares the square footage information from the listing broker's ad. The tenant signs a lease for rent based on the 5.000square foot measurement and later learns that the building contains only. The North Carolina Real Estate Commission is most likely to take which of the following actions?

A. Declare the lease invalid

B. Discipline the listing agent for misrepresentation

C. Discipline both listing agent and the tenant agent

D. Order the listing agent to reimburse the tenant for the excessive rent

Others say its either A or C but I'm thinking its B but im not sure. Can someone help

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Freedmans Handbook A Practical Guide To Wealth

Authors: Wilfred Brown, Adrian Tullock

1st Edition

1478748400, 978-1478748403

More Books

Students also viewed these Finance questions