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Bar Practice Question for April 9th

An owner decides to sell his home. He puts it on the market and receives an offer from a realtor, who is acting for an unspecified client. The owner accepts the offer. Prior to closing, the owner talks to his neighbor, who has just sold his own house. The neighbor informs him that the unspecified client is actually a large retail chain that was tricking the owner by contacting him through the realtor. The neighbor also informs the owner that the retail chain would have paid the owner twice what they offered him, because acquiring his house is key to their long-term development plans. Upon learning this, the owner refuses to close on the house. The retail chain comes to you seeking legal counsel.

What do you advise?

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