Linda,a real estate broker,listed a house and property for sale at $145,000 having told the vendor,Ann,that this would leave some "bargaining room" above its true value of $140,000.She set about finding a purchaser and eventually met Steven.When Steven was showed a copy of the listing and appeared interested,Linda closed the sale by advising Steven that Ann was asking too much,and to offer only $140,000 for the property.The transaction went forward to a natural conclusion at $140,000.Discuss where Linda's responsibilities lay,and any outcome should Ann and Steven ever "compare notes."

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The Answer of Linda,a real estate broker,listed a house and property for sale at $145,000 having told the vendor,Ann,that this would leave some "bargaining room" above its true value of $140,000.She set about finding a purchaser and eventually met Steven.When Steven was showed a copy of the listing and appeared interested,Linda closed the sale by advising Steven that Ann was asking too much,and to offer only $140,000 for the property.The transaction went forward to a natural conclusion at $140,000.Discuss where Linda's responsibilities lay,and any outcome should Ann and Steven ever "compare notes."

Linda,a Real Estate Broker,listed a House and Property for Sale