Business Travelers Hotel Corporation Hires Conrad, a Real Estate Agent

question 42

Multiple Choice

Business Travelers Hotel Corporation hires Conrad, a real estate agent, to locate hotel properties for the company. Conrad learns of a hotel available for $3.2 million, informs Business Travelers, and makes an offer of $2.9 million on Business Travelers's instruction. The offer is rejected. Conrad​

• A) ​breached the agent's fiduciary duties to the principal.
• B) ​complied with all of the agent's duties to the principal.
• C) ​failed to exercise the degree of skill required of an agent.
• D) ​did not act strictly for the benefit of the principal.

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Definitions:

Qualitative Goals

Objectives that focus on improving the quality of something rather than quantifiable metrics.

Customer Satisfaction

The measure of how products or services supplied by a company meet or surpass a customer's expectations.

Teamwork

The collaborative effort of a group to achieve a common goal or complete a task in the most effective and efficient way.

Goal Difficulty

The extent to which a goal is challenging and requires effort to achieve.