The broker has broken their "fiduciary responsibility" by not telling the seller that someone had already made an offer on the property. Then, the broker bought the property and "resold" it to the same person, making a "secret profit" for themselves.
These are questions that the above text answers:
1. What is the term used to describe the broker's breach of their responsibility?
2. What did the broker fail to disclose to the seller?
3. How did the broker profit from the transaction?
4. Who did the broker resell the property to?
5. What term is used to describe the profit made by the broker?
6. What is the role of a real estate agent?
7. What is the consequence of the broker's actions?
8. What is the term used to describe the broker's actions of not disclosing the offer?
9. How did the broker acquire the property?
10. What is the term used to describe the broker's actions of buying and reselling the property?