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Ashorn Ashorn
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6 years ago
David, the owner of BayView Reality Inc., decided to buy one of his own firm's listings for investment purposes. The principal (owner of the property) refused to pay any commissions or reduce the price on this transaction. Can this impasse be legally resolved?
a. Yes, it can; all we need is an "arms-length" transaction with third party involvement.
b. No, it cannot, since the agent has placed his own interest in conflict with that of the principal, therefore such a contract is illegal and void.
c. Yes, it can; they both simply need to negotiate between them a satisfactory deal.
d. No, it cannot, because David would lose his realtor's license if he completed this transaction.
e. Yes, it can, since the real estate arbitration board would issue a ruling.
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The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
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Existence87Existence87
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Ashorn Author
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6 years ago
nicee
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