Agency
A Kentucky licensee who receives compensation from both buyer and seller in the same transaction without disclosure is guilty of:
AAcceptable dual compensation if both amounts are reasonable
BSecret profits in violation of fiduciary duty✓ Correct
CRESPA violations only
DAllowable conduct if the total is below $1,000
Explanation
Receiving compensation from both parties in a transaction without full disclosure to both clients constitutes secret profits and violates the agent's fiduciary duty. All compensation arrangements must be disclosed and consented to by all affected parties.
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