Agency
A buyer's agent who also receives a fee from the seller without the buyer's knowledge is:
APermitted if the amount is less than the buyer's agent commission
BViolating the duty of loyalty by having an undisclosed financial interest adverse to the buyer✓ Correct
CPermitted if approved by the listing broker
DPermitted in designated agency situations
Explanation
Receiving undisclosed compensation from the opposing party creates a direct conflict of interest and violates the buyer's agent's duty of loyalty. Full disclosure and client consent are required for any dual compensation arrangement.
Related Arkansas Agency Questions
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