Question

Buyer agent Eileen knows that her buyer's financing just fell through on a property which the buyer has under contract. What is Eileen's duty to the seller?

Answer 1

A seller of goods can reassure a buyer with imperfect information by providing accurate information, offering warranties/guarantees, and showcasing positive reviews.

Step-by-step explanation:

A seller of goods can reassure a possible buyer who is faced with imperfect information through various means:

1. Providing accurate and transparent information: The seller can disclose all relevant details about the product, such as its features, condition, and any potential drawbacks or limitations.
2. Offering warranties or guarantees: The seller can provide assurances about the quality and performance of the product by offering warranties or guarantees that protect the buyer in case of any issues or defects.
3. Showcasing positive reviews or testimonials: The seller can share positive feedback from previous customers to build trust and alleviate any concerns the buyer may have about the product.