Bill the broker received a very high offer on a piece of property from a buyer. Bill makes a low offer through a "dummy" purchaser or an accomplice who is not a buyer at all. Bill then sells the property to the buyer for the higher price, with the difference being profit. What's the violation?
A. Commingling
B. Secret Profit
C. False Promise
D. Dishonest Dealing
B. Secret profit (Section 10176 - g): When a broker, who already has a higher offer from another buyer, makes a low offer, through a dummy purchaser:
- The broker then sells the property to the interested buyer for the higher price with the difference being the secret profit
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