MGMT 597 Week 8 Final Exam

Question (TCO A, C) Kenneth hired a real estate agent named Barbara to sell a condominium he owned in New York. The asking price for the modest two-bedroom unit was $1,300,000. Kenneth told Barbara he would go as low as $1,100,000, but no lower, but that she should try to get as high a price as possible. If he couldn’t get that much for it, he said he would use it as rental property. A good friend of Barbara’s was in the market for a two-bedroom condominium in New York. In fact, this friend ...