Question
You are enjoying your lunch break when you hear a conversation between two of the salespeople in your office. One of the salespeople, Marc has
You are enjoying your lunch break when you hear a conversation between two of the salespeople in your office. One of the salespeople, Marc has recently listed a property for sale that one of the other salespeople, Stevie, really wants to purchase for herself. Stevie says to Marc, 'I really want to purchase the property in Bay Street, but I can't be bothered declaring 'conflict of interest' and following protocol. That's too hard and I can't be bothered organising a valuation and all that stuff you have to do. I think I will just get a friend to purchase the property in her name using 'and/or nominee', and then I can change it into my name on settlement. Is there any other interest?' Marc replies, 'mmm well no there isn't any other interest right now, but do you think that's a good idea?'
Task What advice would you give in this scenario? Include reference to the appropriate sections of the Real Estate Agents Act 2008 and the Real Estate Agents (Duties of Licensees) Regulations 2009 to justify your answer.
Could i get the answer please
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