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  • Essay / Allegiance Commercial Real Estate Services - 1656

    Allegiance Commercial Real Estate ServicesHypothetical situation, an individual who works at Allegiance Commercial Real Estate Services overhears a conversation. An executive assistant confides in her friend that her boss, who is the company's designated broker, intends to manipulate new real estate listings with the company over the next 90 days to ensure he can take them with him without legal liability. when he resigned and opened his own commercial real estate company. For the hypothetical situation, I will add names. The individual at the center of the case will be called Linda. Jessica, an executive assistant, tells Linda that the company's designated broker, Stanley, plans to manipulate new real estate listings to ensure he can take them with him without legal liability. Stanley is currently Linda and Jessica's boss at the firm. Stanley plans to quit and open his own real estate company. In fact, he had already promised Linda a position as a senior executive assistant at the establishment he planned to open. Linda knew about the impending move. However, the information regarding the manipulation of registrations is current. How might Linda react to the new information? The dilemma here is that Stanley is leaving one business to open a new one and plans to take some customers as well as some employees with him. This is a common practice in American corporate society, and is not considered illegal. However, there are legal and ethical considerations when it comes to gathering information or retaining customer base. Generally, the customers belong to the company and not the employee, but there are different rules depending on different practices. Looking at a chapter in the middle of paper......e society. Your boss is the designated broker but reports to the owner/broker and if you feel this information is valid and it is something your boss would do, it is important to let the owner know. The third alternative is to confront the other executive assistant and ask where she got her information. These three alternatives are truly the only alternatives available to the employee. Ignore the report or confront. The definition of Assumption is to assume something without proof. (Webster's 2009) Without any solid evidence, just a colleague's gossip, I will not base my decision on another's hypothesis. I will follow the alternatives in order until I reach the truth and base my judgment on fact, not fiction. ReferenceFerrell, OC, Fraedrich, J. and Ferrell, L. (2009). Business Ethics: Decision Making and Ethical Cases (7th ed.). South West College Pub;