Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You need to set the price for a property you have listed for sale by private treaty.The owners have advised they want $ 850,000 .

You need to set the price for a property you have listed for sale by private treaty.The owners have advised they want $ 850,000

.

a)A young couple Mark and Caitlyn Web showed interest in the property and have decided they would like to go ahead with their final offer at $ 837,000.You have referred the buyers to your colleague who is a mortgage broker to help them with them finance and as a result pays you a referral fee of 0.03% of the sale price for the business.

b)a)A young couple Mark and Caitlyn Web showed interest in the property and have decided they would like to go ahead with their final offer at $ 837,000.You have referred the buyers to your colleague who is a mortgage broker to help them with them finance and as a result pays you a referral fee of 0.03% of the sale price for the business.

c)

a)You are approached by a potential buyer who wants to buy the property, tear down the house, build two units and lease them.He offers $750,000 and tells you that if you can get the vendor to accept this price, he will use your agency to manage the properties. What are the possible consequences if you were to agree to the buyer's proposal?

d)

a)You are approached by a potential buyer who makes an offer of $750,000.You believe that the house will sell for more so you do not pass on the offer to the vendors.No other buyers come forward to with an interest to make an offer on the property.

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

Constitutional Law For Criminal Justice

Authors: Jacqueline R. Kanovitz, Jefferson L. Ingram, Christopher J. Devine

15th Edition

1138601810, 978-1138601819

More Books

Students also viewed these Law questions

Question

Did you trace the accomplishments, issues, and milestones?

Answered: 1 week ago