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Steve hires Nicole as an agent to sell a piece of property owned by Steve. Steve states that thepricetobeobtainedmustbeatleast$30,000.Nicolediscoversthatbecauseashopping mall is planned for the area
- Steve hires Nicole as an agent to sell a piece of property owned by Steve. Steve states that thepricetobeobtainedmustbeatleast$30,000.Nicolediscoversthatbecauseashopping mall is planned for the area of Steve's property, the fair market value of the property was at least $45,000 or higher. Nicole forms a real estate partnership, Nichan Realty, with her cousin Johan and enters into a contract on Steve's behalf to sell the property to Nichan Realty for $32,000. Nicole does not declare her interest in Nichan Realty. Nichan Realty later sells the property to an investor for $55,000. Discuss what action (if any) Stevecould take againstNicole.
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