A broker who solicits and accepts a deposit on the purchase price of a parcel of real property without express written authorization from the owner to sell the property, is:
A: Guilty of violation of his fiduciary duty to the owner;
B: Guilty of commingling a customer's funds with his own;
C: Acting under a restricted listing;
D: Acting as agent for the buyer and not the seller.
Answer: D: Acting as agent for the buyer and not the seller.
Business
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