Assignment 1 REST.docx - Adam Beckner REST-4303-010 Assignment 1 1 Describe Jill and Gary's relationship by stating whether either is an agent or

Assignment 1 REST.docx - Adam Beckner REST-4303-010...

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Adam Beckner REST-4303-010 January 30, 2019 Assignment 1 1. Describe Jill and Gary's relationship by stating whether either is an agent or principal and what type of agency relationship exists if any. The relationship between Jill and Gary is a fiduciary that can also be described as a general agency relationship. One where Jill being the broker is an agent for Gary who in turn is the client or principal in the relationship. Both have certain obligations to the other. 2.Dennis agreed to a listing price of $130,000.While Dennis was out of town Gary received an offer to buy for the full listing price.Can Gary bind Dennis to the earnestmoney contract?Explain.Yes if the earnest money contract is in accordance with the contract for the sale of the property the broker can accept or deposit the earnest money.
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  • Fall '18
  • Gary, Earnest payment, Gary's relationship

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