Rachel Finnegan is a broker who specializes in selling small homes. She has a listing for a small home with a list price of $90,000. When a prospective buyer comes through the house, he tells Rachel he is interested but the $90,000 is too high of a price. Suppose that the buyer tells Rachel that he can buy the house for $90,000 if he can get financing. He explains to Rachel that he has bad credit from some "dumb" business transactions. Rachel offers to have her daughter act as a purchaser because her daughter can qualify for financing. Her daughter will then convey the house to the buyer. Rachel:
A) Has done nothing wrong because she found a ready, willing and able buyer.
B) Has breached her fiduciary duty to her sellers.
C) Can work to facilitate transactions through buyers fronted for that purchase.
D) Is simply doing the work of a dual agent.
Correct Answer:
Verified
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