Question

In: Operations Management

When answering questions about a property, a good strategy for avoiding misrepresentation is to A) pass...

When answering questions about a property, a good strategy for avoiding misrepresentation is to

A) pass along information obtained from the seller.

B) refer questioners to an expert source.

C) rely on one's own experiences with other properties.

D) consult with other licensees within the agency.

Solutions

Expert Solution

Answer - option (B)

Explanation: Misrepresentation is among the most common claim made in real estate, so you shouldn't misrepresent the property you want to sell.

A misrepresentation is a false statement of material fact made by one party that affect someone's decision to agreeing into contract. There are three types of misrepresentation:

  1. Fraudulent misrepresentation
  2. Negligent misrepresentation
  3. Innocent misrepresentation

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