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Richard has just listed a property for Eden Estates. After the morning briefing, his fellow agent Cruz has expressed interest in the property. Cruz's house

Richard has just listed a property for Eden Estates. After the morning briefing, his fellow agent Cruz has expressed interest in the property. Cruz's house has just sold and he is in the market for a house. Richards new listing sounds ideal. Under the legislation it is however an offence for an estate agent/agent's representative to obtain a beneficial interest in a property they've been commissioned to sell. Refer to the Property Law Bill (2023) and explain what requirements must be demonstrated for Cruz and the agency to avoid breaching the legislation and the conflict of interest

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