Chelsea is a listing agent working for the listing broker and encounters a customer at the open house. The customer asks Chelsea if she could recommend an offering price. Chelsea should recommend that the customer:

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Business

Santino

15 December, 01:19

Chelsea is a listing agent working for the listing broker and encounters a customer at the open house. The customer asks Chelsea if she could recommend an offering price. Chelsea should recommend that the customer:

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Jermaine · Answer 1

Answer: NO, Chelsea is responsible to the seller and not to the buyer.

Explanation: A listing agent is a person or an organisation who acts as a third party in a business transaction mandated to represent the agent of his or her principal in this case the seller. Chelsea is a listing agent he is expected to work as agreed with his principal who is the seller. Recommending a price to the seller will mean that he is betraying the agreement between him and his principal who is the seller. The customer has to source for an agent who is specialized in price negotiation to give the recommended price or stand on his behalf