Ask Question
30 March, 07:46

Ken, a transaction broker, worked with both the buyer and seller in the sale of a home. The sale went well and it closed on time. Later, the seller discovered that Ken had told the buyer that the seller was willing to take a lower price than was specified on the listing agreement in order to "speed up the sale" and Ken told the buyer a specific price to offer. Which describes the situation

+1
Answers (1)
  1. 30 March, 08:23
    0
    Ken, the agent, violated the law of agency

    In this particular instance, when Ken told the the buyer that the seller would take a lower price than what was on the listing in order to close the sale faster and then told the buyer exactly which price they should offer, Ken, who is the agent, has now violated the law of agency
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Ken, a transaction broker, worked with both the buyer and seller in the sale of a home. The sale went well and it closed on time. Later, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers