What is classified as 'secret profit' in CAM/CAB contexts?

'Secret profit' in the context of CAM (Community Association Management) and CAB (Community Association Boards) refers to benefits obtained from a third party where there is an undeclared interest. This situation arises when an individual or entity involved in managing a community association receives compensation or advantages from a third party that is not disclosed to the community association or its members.

This lack of transparency can lead to conflicts of interest and ethical issues, as community managers and board members have a fiduciary duty to act in the best interests of the community they serve. When such benefits are undisclosed, it compromises trust and can potentially harm the financial well-being of the community association.

The other options relate to various forms of compensation or contracts that may raise ethical concerns but do not directly convey the notion of profits that are secret and undeclared, which is central to the concept of 'secret profit.'