Allegiance Commercial Real Estate Services

Allegiance Commercial Real Estate Services

Hypothetical situation, an individual who works at Allegiance Commercial Real Estate Services overhears a conversation. A female executive assistant confides to her friend that her boss, who is the Designated Broker for the company, intends to manipulate the new real estate listings, with the company over the next 90 days to insure that he can take them with him without legal liability when he resigns and opens his own commercial real estate company. For the hypothetical situation, I will add names. The individual who is at the center of the case will be name Linda. A female executive assistant, Jessica, tells Linda that designated broker for the company, Stanley, plans to manipulate the new real estate listings to ensure that he can take them with him without legal liability. Stanley is currently Linda and Jessica's boss at the firm. Stanley is planning to resign and open his own real estate company. In fact, he had already promised Linda a position as senior executive assistant at the place he plans to open. Linda did know about the impending move. However, the information regarding the manipulation of listings is news. How might Linda react to the new information?

Here, the dilemma is that Stanley is leaving a firm to open a new one and plans to take some of the clients as well as some of the employees with him. This is a common move in the corporate America society, which is not considered illegal. However, there are legalities and ethical considerations when it comes to taking information or retaining part of the client base. Generally, clients belong to the company and not to the employee, but there are different rules regarding different practices. In reviewing a chapter in th...

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...e company. Your boss is the designated broker but he reports to the Owner/Broker and if you feel this information is valid and something your boss would do, it is important to advise the Owner. The third alternative is to confront the other executive assistant to ask where she got her information. These three alternatives are truly the only alternatives the employee has. Ignore report or confront.

The definition of Assumption is to suppose a thing without proof. (Webster’s 2009) Without any solid proof, just the gossip of a fellow co-worker, I will not base my decision on an assumption of another. I will follow the alternatives in order until I reach the truth and base my judgment on facts not fiction.

Reference

Ferrell, O.C., Fraedrich, J., & Ferrell, L. (2009). Business ethics: Ethical decision making and cases (7th ed.). South-Western College Pub;