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A salesperson holds an exclusive appointment to sell a shophouse listed at $4.2 million. He tells the owner the only serious offer is $3.85 million and recommends accepting. The buyer is a company in which his wife holds 40% of the shares; he does not mention the connection. The sale completes in March 2026 and the company resells the unit for $4.3 million in July 2026. Which is/are correct? (i) He had to disclose his connection to the buyer and obtain the owner's informed consent before the owner decided whether to accept. (ii) The owner may seek to have the sale set aside or require him to account for the profit, without having to prove that $3.85 million was below market value. (iii) He breached no duty so long as $3.85 million was within the range of market value at the time of the sale. (iv) CEA may take disciplinary action against him even if the owner brings no civil claim at all.
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