The agent must disclose their personal interest in writing to the seller at the earliest opportunity—ideally before any negotiations begin.
Agents are generally prohibited from asking for or receiving a pre-contract deposit when they have a personal interest in the property. can an estate agent buy a house they are selling
To proceed with a purchase, an agent must meet several transparency standards: The agent must disclose their personal interest in
They must continue to pass on all other offers from potential buyers to the seller promptly and in writing. Potential Risks for Sellers " such as a family member
These rules also apply if the buyer is a "connected person," such as a family member, business associate, or another employee at the same agency.
