Agency
An agent who earns a fee from both the buyer and the seller without disclosing this to both parties is guilty of:
APuffery
BSecret profit✓ Correct
CCommingling
DConversion
Explanation
An agent who receives undisclosed compensation from multiple parties in a transaction is making a secret profit. This violates the fiduciary duty of disclosure and loyalty and can result in license discipline.
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- Which type of listing arrangement gives the seller the greatest protection in terms of the broker's obligations?
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