Regional Investment Corporation (RIC) hires Sam, a real estate agent, to locate investment properties for RIC. Sam learns of a warehouse avail?able for $100,000, buys it himself, and offers it to RIC for $200,000. Most likely, Sam

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As a real estate agent hired by RIC, Sam had a fiduciary duty to act in the best interest of the principal. By purchasing the property himself and selling it to RIC at a markup, Sam likely breached this duty and put his own interests ahead of RIC's.

Regional Investment Corporation (RIC) Hires Sam, a Real Estate Agent