An investor hires a broker to buy a particular property for him, naming the maximum he will pay. The broker, however, purchases it for himself at a lower price and then sells it to his client at a higher price without revealing his involvement. This is an example of illegal secret profits.
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Q26: The relationship of a real estate broker
Q27: The main problem that can arise with
Q28: Two sellers lead a buyer to believe
Q29: A dual agency
A) is unlawful.
B) is legal
Q30: Dual agency results when
A) a broker represents
Q32: A salesperson who worked as an agent
Q33: A couple makes an appointment with a
Q34: In most states, the maximum amount a
Q35: Agents who are authorized to bind their
Q36: It might constitute commingling if a buyer's
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