Final answer:
A broker who seeks to profit from a listing he has beyond his normal commission is violating the fiduciary principle of loyalty.
Step-by-step explanation:
A broker who seeks to profit from a listing he has beyond his normal commission is violating the fiduciary principle of loyalty.
Fiduciary duty is an ethical and legal obligation that requires a broker to act in the best interest of their client. In the context of real estate, a broker is expected to prioritize their client's interests over their own. By seeking additional profits from a listing beyond the agreed-upon commission, the broker would be breaching their duty of loyalty.
For example, if a broker receives a higher offer on a property but does not disclose it to the client in order to secure a bonus or kickback for themselves, they would be violating their fiduciary duty of loyalty.