Question

a seller's agent is contacted by a buyer's agent. during their conversation, the buyer's agent discloses that the buyer needs to move quickly as he is being relocated by his employer. the seller's agent encourages the seller to be inflexible during the negotiations on the listing price, believing that the buyer will pay whatever price is necessary because the buyer's time is limited. what statute was violated in this scenario?

Answer 1

In a real estate transaction, a designated broker may receive compensation from multiple parties in certain circumstances for providing real estate brokerage services.

In order to establish the terms of the agency relationship, what kind of agreement is required?

The following steps lead to the formation of an agency partnership: Express Understanding, Inferred from the Circumstance, Estoppel, by Need, or Confirmed by the Head.

Which three main areas should be disclosed?

There are still disclosures. Angela addresses the final three main areas of public company disclosure: significant judgments, contract balances, and the cost of obtaining or fulfilling a contract are all factors.

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