Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An out-of-town property owner hired a North Carolina broker to list and sell a desirable commercial lot. The seller set the listing price at $30,000.
An out-of-town property owner hired a North Carolina broker to list and sell a desirable commercial lot. The seller set the listing price at $30,000. The Broker knew the lot was worth at least $50,000 but he did NOT tell the owner. The broker bought the lot himself for $30,000 and resold it shortly thereafter for $50,000. Which of the following is correct?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started