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IV. One of the potential buyers who contacted you, wants to buy the property, tear down the house, build Mo units and lease them. He

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IV. One of the potential buyers who contacted you, wants to buy the property, tear down the house, build Mo units and lease them. He otters $1,300,000 and tells you that if you can get the vendor to accept this price, he will provide you with 4 x First Class tickets to Europe and four weeks of your expenses paid. 11.r"I.~'hat are the possible consequences if you were to agree to the buyer's proposal? You have also been approached by another potential buyer who makes an offer ot $1,380,000. You believe that the house will sell for more, so you do not pass on the offer to the vendors. What Professional Conduct Regulations will you be breaching in this scenario and what penalties will apply

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