Bud was a real estate broker. He was acting as the agent in finding a buyer for
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Bud was a real estate broker. He was acting as the agent in finding a buyer for Crib’s home. A seller made an offer of $250,000 for the property but said, “If Mr. Crib doesn’t accept this offer, I will raise it by $15,000.” Bud knew that the duty of loyalty compelled him to tell Crib of the buyer’s statement. Is this fair to the buyer? Why or why not? What could Bud do in future transactions to allow him to treat buyers more fairly?
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No it is not fair to the buyer The buyer has made a commitment to purchas...View the full answer
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