Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A broker signed a listing agreement with the Ghents to market their luxury downtown condominium. A few days later, the broker signed a buyer representation

A broker signed a listing agreement with the Ghents to market their luxury downtown condominium. A few days later, the broker signed a buyer representation agreement with the Smiths, who were looking for a modest suburban single-family home. If the buyers decide they're in the market for a luxury downtown condominium instead and want to see the Ghents' property, what should the broker do?
A. Say nothing and collect a commission from the sellers and a fee from the buyers.
B. Disclose the unintended dual agency and obtain both parties' written consent.
C. Withdraw from representing one of the parties to avoid any appearance of selfdealing.
D. Nothing, but accept compensation from only one of the parties.
image text in transcribed

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

Operations Management

Authors: William J. Stevenson

13th edition

1259667472, 978-1259667473

More Books

Students also viewed these General Management questions

Question

6 6 . .

Answered: 1 week ago