Dean (the principal) owns a growing-in-credibility fashion store and wants to hire a renovator (the agent) to remodel the store to attract more customers. An agency conflict arises during the transaction.
Hi, I'm Dean. This is my fashion store!
The business is growing fast and I am now looking to remodel the store to attract even more customers.
This is an agent from Renovation Future Now Inc, we just discussed the floor plan and pricing.
Ahh yes.. we can do that. $400,000 will be the estimate, I will send you paperwork and updates as we progress through the project.
Something doesn't seem right, the agent keeps quoting a higher price than the original estimate, he is now saying it will cost $600,000! What should I do?
The agent is deceiving you. The reading shows here that he is overcharging you on materials, contact this person here to obtain evidence and negotiate a discount, you will be successful.
Fast forward to near project completion. Dean is consulting his trusted psychic astrologer.
Here is the evidence! These invoices show you are charging for materials you are not even using, plus double the amount on what you originally quoted price per sq. foot! I want a satisfactory discount to complete this project or I'm bringing you to court immediately!
It's true, it's true! I will complete the project at 50% off the original estimate of $200,000. Please don't sue us!
And there we have it, a remodeled store with agency conflict issues that had to be worked out, but ultimately worked out in the end!