Exam term
Secret rebate
A commission, rebate or profit that a property-managing broker takes on client expenditures without the client's full knowledge and consent. 19 NYCRR § 175.3 prohibits it even when the work was satisfactory.
Exam term
A commission, rebate or profit that a property-managing broker takes on client expenditures without the client's full knowledge and consent. 19 NYCRR § 175.3 prohibits it even when the work was satisfactory.