Once upon a time, an in-house broker sold a pre-selling condo unit to a walk-in buyer. It was a random person who he met while manning their booth.
The buyer was relatively easy to talk to, and the transaction closed after a few weeks.
Months passed, and the same broker bumped into someone with the same last name as his client. He wondered if they were related, especially since the last name was uncommon. So, the broker asked if they were. It turned out that the buyer was her father. What a small world, they thought.
A few days passed, and the buyer appeared in the broker's office, shouting at everyone he saw. He demanded to see the broker and his boss. He berated them and threatened to sue the company for sharing confidential information. After an hour of scolding, the buyer eventually left.
The boss asked the broker for the complete story. The broker told his boss that he found out that this girl he met was related to his buyer. Being related, the broker didn't think anything would be wrong by saying his father bought a condo from him. How could that be wrong?
To avoid getting sued, the boss decided to fire the broker for breach of privacy and to appease the buyer.
Case closed.
When the unit was finally turned over, a different person accepted the unit...a young lady...and this was apparently why the buyer put the property under a corporation.
Lesson: Never disclose who your clients are or what they buy/sell/do–to anybody.
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