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Laws Of Agency Fiduciary DutiesListingsHARD

A listing broker sells an office building to a syndicate of which the broker is a member without informing the seller of this interest. Before closing, the seller discovers the broker’s interest and refuses to sell. What would happen in a civil suit to collect a commission?

Correct Answer

C) The broker would be awarded their full commission.

A broker can operate independently and supervise salespersons.

Answer Options
A
The case would be transferred to the Real Estate Commissioner.
B
No commission would be due.
C
The broker would be awarded their full commission.
D
The court would demand a mitigation hearing.
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Related Topics & Key Terms

Related Topics:

broker-disclosure-obligationslisting-agreement-commission-rightsfiduciary-duties-in-real-estate

Key Terms:

fiduciary dutyundisclosed interestbroker commissionconflict of interestCalifornia agency law
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