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Author Question: Jane Wyman is a real estate agent who is the listing agent for Tom and Mary Arnold's home. Jane has ... (Read 249 times)

MirandaLo

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on: Jun 24, 2018
Jane Wyman is a real estate agent who is the listing agent for Tom and Mary Arnold's home. Jane has a buyer who is interested in purchasing the Arnold house, but the buyer has a spotty credit history. Jane thinks the buyer has turned the corner on past problems and will be a good buyer for the property. Jane does not disclose the buyer's spotty credit history and Tom and Mary sign a contract for the sale of their home. As the buyer tries to get qualified, Tom and Mary pass up several other offers. Jane:
 A) Has breached her fiduciary duty to the sellers by withholding material information.
 B) Represents the buyer and not the seller so she has done nothing wrong.
 C) Need not disclose a spotty credit history unless Tom and Mary ask.
 D) Cannot be held accountable for a buyer's failure to qualify for a mortgage loan.

Question 2

In an action for breach of contract, the statute of limitations runs from the date on which the contract is breached.
  Indicate whether the statement is true or false


ngr69

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


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