Todd, who graduated with a degree in History, has prolonged, relevant experience and significant on- the-job training as a real estate agent. You want to buy a condo and so you consider asking Todd to be your agent. This will be the first time you ever bought real estate. Todd agrees to represent you and then shows you three condos in your price range. Although he does not tell you this, Todd owns two of the three himself. In this situation is Todd an expert whom you would be wise to trust to give you advice and information about buying a condo?
A) Yes, Todd is an experienced real estate agent speaking on topic.
B) No, Todd majored in History, not Business.
C) No, Todd may be biased against you as a first time buyer.
D) No, Todd has a conflict of interest.

Question

Quizplus · Accepted Answer

Todd's ownership of two of the condos creates a conflict of interest, as he may be biased towards selling those condos to you. Therefore, you cannot fully trust his advice and information, as they may be influenced by his own financial interests.

Todd, Who Graduated with a Degree in History, Has Prolonged