The sale went quickly and it closed at the appointed time

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Ken is a transaction broker for John, the seller, in the sale of a home. The sale went quickly and it closed at the appointed time. Later, John found out from a neighbor that Ken had told the buyer that John was willing to take a lower price than was listed on the listing agreement, and he had suggested that the buyer offer that amount. What best describes the situation? Ken, the agent had poor judgment in dealing with the buyer and seller and he probably cheated himself out of some commission because of the lower price. Ken violated the requirement for limited confidentiality as a transaction broker and may be subject to punishment by the FREC. Ken was simply trying to get the sale for the seller and Ken did nothing wrong in the transaction because he got the job done. If the seller did not want the lower price, he shouldn't have signed the offer and it wouldn't have mattered what Ken said. 9:02 remaining in this quiz.

Reference no: EM133589444

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