Agency
A Colorado broker acting as a buyer's agent receives an undisclosed gift from the listing broker for bringing a buyer to a transaction. This is:
AAcceptable as a professional courtesy
BA violation of the buyer's agent's duty to disclose all compensation✓ Correct
CLegal as long as the amount is under $500
DRequired to be disclosed only if over $1,000
Explanation
Colorado brokers must disclose all compensation received in a transaction to their clients. An undisclosed gift or bonus from the listing broker to the buyer's broker creates an undisclosed conflict of interest and violates the buyer's agent's duty of disclosure.
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