What does oldcar stand

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Reference no: EM133388320

Hypothetical - Belinda represents a buyer, Bob. Bob want to buy Sheila's home. Belinda learns from Sheila's agent (Simone) that Sheila lost her job and needs to sell her home quickly. Sheila is offering a bonus of $5,000 to the realtor representing the buyer, once escrow closes. Simone asks Belinda Bob's age and marital status because Sheila only wants to sell to young couples or families in order to preserve the nature of the neighborhood. Belinda does an initial walkthrough with Bob at the property and notices what looks like water staining on the ceiling on second floor. Bob likes the house and wants to put in an offer.

1. What does OLDCAR stand for?

2. What duties are triggered for Belinda under the facts above? Explain.

3. What duties were violated by Simone under the facts above? Explain.

Reference no: EM133388320

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