Hypothetical – Lin represents a buyer, Rob. Rob want to buy Sarah home. Lin learns from Sarah agent (Simone) that Sarah lost her job and needs to sell her home quickly. Sarah is offering

Hypothetical – Lin represents a buyer, Rob. Rob want to buy Sarah home. Lin learns from Sarah agent (Simone) that Sarah lost her job and needs to sell her home quickly. Sarah is offering a bonus of $5,000 to the realtor representing the buyer, once escrow closes. Simone asks Lin Rob’s age and marital status because Sarah only wants to sell to young couples or families in order to preserve the nature of the neighborhood. Lin does an initial walkthrough with Rob at the property and notices what looks like water staining on the ceiling on second floor. Rob likes the house and wants to put in an offer.
1. What does OLDCAR stand for?
2. What duties are triggered for Lin under the facts above? Explain.
3. What duties were violated by Simone under the facts above? Explain

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