easy · National Real Estate Exam agency
A principal tells an agent to lie about the existence of a competitive offer to pressure a buyer into a higher price.
What is the agent's duty?
- The agent may follow the instruction as it is considered part of 'negotiating strategy.'
- The agent should obey because the buyer is only a customer, not a client.
- The agent must refuse to lie, as this constitutes fraud.
- The agent must obey to get the highest price for the client.
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