Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A salesperson is contacted by a buyer who wants her to write an offer on one of her listings for $40,000 under the selling price,

A salesperson is contacted by a buyer who wants her to write an offer on one of her listings for $40,000 under the selling price, the licensee should

A. draft the offer and present it to the seller according to the buyers instructions

B. refuse to draft the offer because it will offend the seller and jeopardize the principal-agent relationship

C. recommend that the buyer obtain another broker to draft the offer

D. tell the buyer that drafting the offer would be a violation of her fiduciary duties

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

Management Of Islamic Finance

Authors: M. Kabir Hassan, Mamunur Rashid

1st Edition

1787564045, 978-1787564046

More Books

Students also viewed these Finance questions