Who is the customer to the broker in the scenario


Question:

Who is the customer to the broker in the following scenario? Sally is a sales agent. Her friend Joe asks her to help him find a small apartment complex to invest in. Sally has very little commercial experience, but she works for a firm that lists commercial properties, including an apartment complex owned by Claire, Inc. Sally agrees to help Joe buy Claire Inc.'s apartment complex. Assume Sally gives all the appropriate disclosures and intermediary does not apply. Question 20 options: Joe is, because Sally's firm listed Claire Inc.'s property. Claire Inc. is, because Joe and Sally are friends. Both are customers because Sally can't be an agent in this circumstance. Both are clients because Sally can practice dual agency with consent.

 

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