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David, the Owner of BayView Reality Inc

Question 19

Multiple Choice

David, the owner of BayView Reality Inc., decided to buy one of his own firm's listings for investment purposes. The principal (owner of the property) refused to pay any commissions nor reduce the price on this transaction. Can this impasse be legally resolved?


A) No, since the agent has placed his own interest in conflict with that of the principal, therefore such a contract is illegal and void.
B) Yes, all we need is an "arms length" transaction with third- party involvement.
C) Yes, since the real estate arbitration board would issue a ruling.
D) No, because David would lose his Realtor's license if he completes this transaction.
E) Yes, they both simply need to negotiate between them a satisfactory deal.

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