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An owner wants to net $ 8 , 0 0 0 on the sale of his small vacant lot. He gives a broker an option
An owner wants to net $ on the sale of his small vacant lot. He gives a broker an option to buy the lot at that price or nominate a purchaser. The broker pays $ for the option. Before the option expires, the broker sells the property to a third person for $ The broker advised the buyer during the negotiations that she was the optionee. Which of these is a TRUE statement?
A The broker is guilty of fraud.
B After paying the appropriate closing costs, the broker may keep the amount of money above and beyond the option purchase price of $
C The broker is guilty of violating her fiduciary relationship with the owner.
D The broker has violated Chapter Florida Statutes.
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