A commercial broker who accepts fees from both the seller and the buyer of the business without disclosure to either has not committed an ethical violation if both parties are happy with the transaction.

Question

Quizplus · Accepted Answer

This type of practice is known as dual agency and is generally considered unethical as it creates a conflict of interest for the broker. The broker must disclose this practice to both parties and obtain their consent before proceeding. Failing to do so can lead to legal and ethical violations.

A Commercial Broker Who Accepts Fees from Both the Seller