John Coon purchased a piece of commercial property in Washington, D.C., through real estate broker Edward Wood. Mr. Coon later decided to purchase other property in West Virginia by selling the D.C. property. Mr. Coon asked Mr. Wood about structuring the sale of the D.C.
property as a "Starker Exchange," an investment property exchange that allows the property owner to avoid capital gains taxes in selling one investment property if there is an immediate investment in another property. Mr. Wood offered advice on the exchange, but the sale went through on the D.C. property without the exchange being set up. When Mr. Coon had his taxes done at H&R Block, he discovered that he owed $75,000 in capital gains taxes for sale of the D.C. property. Did Mr. Wood breach any duty as Mr. Coon's agent? [Coon v Wood, 68 F. Supp. 2d 77 (D.D.C. 2014)]