Agents are supposed to treat everyone the same. They are also supposed to be obedient and follow their clients requests. What happens when these two duties collide?
MT431-6: Evaluate the legal and ethical concerns in a real estate transaction.
GEL-1.02: Demonstrate college-level communication through the composition of original materials in Standard English.
Read the scenario and based on your assigned reading and assignment content, address the checklist items and requirements.
Scenario:
Broker Bob recently sold land to a Chinese company to build a new production facility in his community. Company representatives told Bob that they would like him to find housing for their new management team which would oversee the construction of their new facility, the assembly lines, and would eventually manage the company as a subsidiary of the parent company in China.
Bob picked up the first referral from the company, a Mister Ji, at the airport and had prepared for the meeting, by having a list of homes throughout the city, in the price range he had discussed with the client on the phone. The client told Bob that he did not speak English well and wanted to be in a neighborhood where the majority of the population was Chinese or at least where the area had a heavy concentration of Chinese-speaking people.
Based on this directive from his client, Bob quickly produced a second list of homes available in the Chinatown area of the city. Bob also referred Mr. Ji to a mortgage broker who pays Bob $100 cash per referral. Mister Ji successfully purchased a home from Bobs second list using Bobs broker friend to help with the home loan. Bob felt that because Mister Ji liked his new home so much, going forward he would only show homes to the new management team in the Chinatown area.
Checklist:
Evaluate Bob’s actions with regard to his ethical conduct and adherence to federal laws in this scenario.
Explain how Bob might have responded and acted in a legal and ethical manner without alienating the client.
Assess the legal complications Bob may face in the future and what, if any, laws Bob violated that could cause him future legal troubles.
Make sure to also address the following requirements:
