Real Estate Questions.docx - Discuss questions related to text Chapter 1 and 2 An agent owes a fiduciary duty to clients and owes fairness to a customer

Real Estate Questions.docx - Discuss questions related to...

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Discuss questions related to text Chapter 1 and 2. An agent owes a fiduciary duty to clients and owes fairness to a customer. A client is owed the duty of utmost good faith and fair dealing. The agent must know who the client is so that the client's interests can be protected by the agent--the customer is to be treated fairly but is not entitled to the same level of service. Clients and customers are entitled information about broker's services. Jill is the sponsoring broker of Gary a licensed salesperson. Gary listed property owned by Dennis and put a sign on the property with Jill's firm's real estate office number. Kera called Gary to inquire about buying the property. 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. >>There is no principal and agent relationship between Gary and Jill in the process of transaction. Jill cannot act on behalf of Gary and sell property on behalf of Garyor buy a property on behalf of Gary. In the scenario above, Jill is just a sponsoring
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