Scenario: Sam owns a home and believes it is worth $100,000. Terry is a real...
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Scenario: Sam owns a home and believes it is worth $100,000. Terry is a real estate agent and is hired by Sam to sell the home for the best price. Terry and Sam agree that Terry will receive 5% of the final sale price of the home. Terry knows that the home will sell faster if taking a slightly lower price. Terry recently sold their own home for a similar price but it took two months to sell. Using the scenario details, explain who is the principal, who is the agent, what is the asset controlled, and what conflict of interest exists. Given the conflict you have identified, explain how you would address that
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