A buyer
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Hollywood High School *
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MANAGERIAL
Subject
Law
Date
Nov 24, 2024
Type
docx
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1
Uploaded by CoachSquirrel3311
A buyer’s agent agrees to pay $500 for the seller’s washer and dryer on behalf
of the buyer. In the case, the agent must
A. provide the payment in cash, after the closing.
B. disclose inducement in writing to the buyer and seller.
C. provide the payment to the seller’s broker by certified check.
D. have the payment deducted from the commission to avoid disclosure.
The problem you have presented is related to the actions and obligations of a buyer's agent in a real
estate transaction. It seems to be asking about the appropriate procedure for the buyer's agent to
follow when purchasing the seller's washer and dryer on behalf of the buyer.
Firstly, it is important to consider the ethical and legal responsibilities of a buyer's agent in such a
situation. The correct approach should adhere to established industry standards and regulations to
ensure a fair and transparent transaction for all parties involved.
In this case, the buyer's agent agreeing to pay $500 for the seller's washer and dryer on behalf of the
buyer raises ethical and legal considerations. The agent must act in accordance with the laws and
regulations governing real estate transactions in their jurisdiction.
The correct answer to the problem is option B: "disclose inducement in writing to the buyer and
seller." This option aligns with the requirement for transparency in real estate transactions and the
duty of the agent to disclose any inducements or incentives involved in the transaction.
Furthermore, it is important to note that providing the payment in cash after the closing (option A)
introduces potential risks and may not comply with legal and ethical standards. Similarly, having the
payment deducted from the commission to avoid disclosure (option D) raises concerns about
transparency and conflicts of interest.
In summary, the buyer's agent in this scenario should adhere to option B by disclosing the
inducement in writing to both the buyer and seller. This approach promotes transparency and
ensures compliance with regulatory requirements and ethical standards in real estate transactions.
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