Week 2 Discussion: Fraudulent Broke
A broker fraudulently represented to the purchaser he was the agent of a property owner. He quoted a price of $1,000 more per acre than was being asked for a 72-acre plus parcel. The broker presented his own over of $4,000 per acre to the owner after he had induced to the purchaser to make an offer of $5,000 per acre. What is the brokers liability and to whom, if anyone, would he be liable?
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