An individual who is not a licensee has closed escrow on a property. He paid $5,000 for the property but had knowledge of a buyer who would be willing to pay $20,000 for the same property. The:
a. buyer is subject to punishment by the Real Estate Commissioner.
b. local District Attorney could file action against the buyer.
c. seller, if it could be proved, could initiate a court action.
d. individual has done nothing wrong.
Answer: d. individual has done nothing wrong.
Business
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