Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Three weeks ago, you listed a luxury property which has been heavily marketed via professional photography including video, several websites, social media and printed media

Three weeks ago, you listed a luxury property which has been heavily marketed via professional photography including video, several websites, social media and printed media such as papers and magazines. The Office Manager has informed you that the vendor hasn't paid any of their contribution and asks you follow this up as a matter of priority.

You go to the file and discover your oversight - you did not have the vendors sign off on the Marketing Plan, nor was it attached to the listing agreement, although you have written 'see attached marketing plan' at both the 'reimbursement of fees - when and how' and the 'property to be advertised / marketed' section.

You have just now called the vendors asking for payment and they refuse, stating that they didn't sign anything which makes them responsible for payment and you have mislead them into thinking the commission was inclusive of marketing.

What do you do and why, quoting any relevant legislation?

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

Marketing management

Authors: Philip Kotler, Kevin Lane Keller

14th Edition

9780273753360, 132102927, 273753363, 978-0132102926

More Books

Students also viewed these Marketing questions