Liam was a real estate agent. Due to a busy schedule, he forgot to take...

50.1K

Verified Solution

Question

Finance

image

Liam was a real estate agent. Due to a busy schedule, he forgot to take some required continuing education courses, which caused his license to lapse. _ Unaware that his license had expired, Liam entered into an agreement with Spencer to help sell Spencer's house for a fee of $8,000. After Liam had helped Spencer find a buyer, they were having lunch at Liam's office when his secretary showed him a letter from the state telling him that he needed to recertify to renew his license. Upon learning that Liam's license had expired, Spencer refused to pay Liam the $8,000. If Liam sues Spencer for the money, who will win? A. Liam, because a real estate license is just a means of raising revenue for the state. B. Spencer, because Liam's license is to ensure that real estate agents have the necessary knowledge, skills and character to represent buyers'/sellers' interests C. Liam, because real estate agents do not have a business that is necessary for society. D.Spencer, because clients do not have equal bargaining power with agents

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students