interview paper phil 186

interview paper phil 186 - Phil 186 TuTh 9-10:15 Lisa...

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Phil 186 TuTh 9-10:15 Lisa Bernasconi 4/28/11 Interview Paper For this assignment, I interviewed my uncle. He is a real estate broker and has been in industry for 30 years. He is the sole proprietor of his business and deals with commercial and residential real estate. During his time, he has dealt with many ethical issues. He also knows of people who have taken advantage of clients through certain deals. According to my uncle, “The biggest ethical issue that many real estate agents face is when he or she represents both seller and buyer in the transaction. There is a conflict of interest. For example, the seller might list his house at $500,000, but is willing to accept $425,000. The real estate agent is not allowed to disclose to the buyer the price that the seller is willing to settle at. However, in order to speed the process up, the seller will tell the buyer that the seller will settle for $425,000. Then the buyer will make an offer of say $430,000. Although it may seem like a good deal for both sides, the real estate agent has just broken a law called ‘disclosure.’ It was illegal for
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This note was uploaded on 12/11/2011 for the course PHIL 186 taught by Professor Sanchez,carlos during the Spring '10 term at San Jose State University .

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interview paper phil 186 - Phil 186 TuTh 9-10:15 Lisa...

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