If the following decision is both legal and ethical, select COMPLIANT. If not, select NON-COMPLIANT. Pay attention to the reasoning provided. A potential client contacts the agency about their commercial property, asking if the agency can do a valuation of their commercial property. You explain that a valuation is quite different to an appraisal and you provide the details of a reputable valuer and friend you have referred people to previously. As there is no benefit to you or the agency in making this referral you don't disclose the nature of your relationship with the valuer. Select one of the following COMPLIANT. There is no obligation to disclose a pre-existing relationship when making referrals if there is no gain for the agent to do so. COMPLIANT. This is nothing to do with disclosure of potential conflict of interest. This is simply about providing accurate information and advice. NON-COMPLIANT. It is not for the agent or the agency to determine if the relationship between agent and valuer. The requirement is to avoid all possible conflicts so the agent cannot recommend any other service for any purpose. Clients must always do their own research