An Investor Hires a Broker to Buy a Particular Property

question 44

True/False

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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Definitions:

Surgery Required

A medical condition or situation where surgical intervention is necessary to treat or resolve the issue.

Psychoeducational Group

A treatment approach that combines educational and psychological support for groups, often used in managing mental health issues or disorders.

Exercise Regime

An exercise regime is a structured plan or schedule of physical activities designed to improve fitness, health, or achieve specific training goals, tailored to an individual's needs, abilities, and objectives.

Antidepressant Effect

The therapeutic outcome of antidepressant medications, resulting in improved mood and functioning in individuals with depression.