When a real estate agent buys the principal’s property (or sells it to a relative, friend, etc., or to a business the agent has an interest), without disclosing that fact to the principal, then sells it for a profit.

Merriam-Webster Online Dictionary
self-dealing (noun)
financial dealing that is not at arm's length , especially borrowing from or lending to a company by a controlling individual primarily to the individual's own advantage
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