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#236596 - 07/07/08 12:30 PM Assignment
Ricosghost Offline
Junior Member

Registered: 07/07/08
Posts: 5
Loc: Calgary Canada
The following 11 scenarios deal with issues of representation relationships. Review each scenario and
answer the question that follows it.
Honesty is the best policy
Amanda is new to the real estate industry. She has worked as an associate for six months and has
completed three transactions, one in Crestmont and two in Parkwood. She is eager for more work.
Mr. and Mrs. Bolton want to move to the neighborhood of Parkwood. They contact associate Amanda to
help them locate a property after seeing her advertisement on a bus bench in the neighborhood. They
have specific reasons for wanting to move to Parkwood and express their interest in working with an
associate who is knowledgeable about the area. They ask Amanda about her experience in the
neighborhood.
How might Amanda respond to this? Discuss

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#236601 - 07/07/08 12:58 PM Re: Assignment [Re: Ricosghost]
Ricosghost Offline
Junior Member

Registered: 07/07/08
Posts: 5
Loc: Calgary Canada
I have an answer I was looking to see if someone might be able to give me more insight or tell me if my response was appropriate.

Since Amanda has previously conducted three prior transactions and assuming that they are all in good standing she should be able to use them as referrals. Also with the 2 transactions done in Parkwood she should have an understanding of the neighbourhood and what it has to offer the clients. With all associates new or old she is bound by the same practices that her peers are so her clients can rest assured that she well perform her duties too the best of her abilities and what is required of her.

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#236605 - 07/07/08 01:13 PM Re: Assignment [Re: Ricosghost]
Ricosghost Offline
Junior Member

Registered: 07/07/08
Posts: 5
Loc: Calgary Canada
Material latent defects
Associate Chen is working for buyers who are interested in purchasing a residential investment property.
Chen has found a renovated raised bungalow with a basement suite, complete with a separate entrance
and nice large window to facilitate escape in the event of a fire. The current owner also built an extensive
four-season sunroom at the back of the house, proudly indicating to Chen that he completed all the work
himself. The property is classified as a single-family dwelling.
Identify the possible disclosure issue(s) in the case.

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#236805 - 07/08/08 02:14 PM Re: Assignment [Re: Ricosghost]
REODayton Global Moderator Offline
Major Contributor

Registered: 07/27/06
Posts: 1566
Loc: Dayton Ohio
Material Latent Defects:

Its a single Family dwelling with some remodel work done. Its still an investment property if the buyer rents it out. The buyer still has the inspection period to do our due dilegence and procede from there. Hell I might ask the owner to come to my house and build me a four season room!

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