Discussion Question 1: Limiting Renting Property to Specific Applicants
By the due date assigned, respond to the discussion questions, and submit your responses in the Discussion Area.
Respond to the questions by using the lessons and vocabulary found in the readings. Support your answers with examples and research. Your responses should clarify your understanding of the topic. They should be your own, original, and free from plagiarism. Follow the Bluebook format for writing style, spelling and grammar, and citation of sources.
Start reviewing and responding to the postings of your classmates as early in the week as possible. Respond to at least two postings of your classmates. Participate in the discussion by analyzing each response for completeness and accuracy and by suggesting specific additions or clarifications for improving the discussion question response.
Discussion Question 1: Limiting Renting Property to Specific Applicants
This discussion question deals with disclosure, or lack thereof, in listing property for rental or sale. After reviewing assigned course materials and conducting brief research on any pertinent laws in your jurisdiction, answer the following discussion question.
Matthew owns an apartment building with 16 rental units. He decides that in addition to using the property for income, he will use it for finding a spouse. He advertises the apartments for rent limiting the applicants to single women under the age of 25 years.
Do you agree or disagree with Matthew’s approach? What, according to you, are the legal implications, if any, of Matthew’s objective?
Discussion Question 2: Fiduciary Duties/Obligations of Real Estate Brokers
This discussion question deals with disclosure, or lack thereof, in listing property for rental or sale. After reviewing assigned course materials and conducting brief research on any pertinent laws in your jurisdiction, answer the following discussion question.
Adequate Realty is the listing broker for Kevin Long. He owns a parcel of property with a single-family house. Jonathon Fisher is interested in purchasing a house and engages Adequate Realty as his agent (buyer’s agent). Adequate Realty shows Mr. Long’s property to Mr. Fisher. The broker has disclosed his dual agency to both the parties. Mr. Long’s property has an abandoned, buried fuel oil tank that neither Mr. Long nor the broker disclose to Mr. Fisher.
What are the obligations, if any, of Adequate Realty to the buyer as well as the seller? Discuss.
Answer each question separately and put sources with each question My state is Tennessee
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