Duty to avoid conflict of interests – Warehouse for sale in Singapore
Must not accept an appointment by or continue to act on behalf of a client where to do so would place the agent’s or salesperson’s interests in conflict or potential conflict with those of the client, including the following. Warehouse for sale in Singapore:
- Must, as soon as possible, declare in writing to the client any interest which is in direct or indirect conflict with that of the client;
- If unable to make a declaration of conflict or potential conflict, the agent shall decline to act for or withdraw from acting for the client;
- Unless the client being fully informed of any conflict or potential conflict, consents to the estate agent and salesperson acting or continuing to act for him, the agent shall decline to act for or withdraw from acting for the client;
- Must not acquire directly or indirectly, the property of the client or any right or interest in the property of the client, without the express knowledge and consent of the client; and
- Must not directly or indirectly accept any fee, reward, commission, rebate or other payment for the referral of any services rendered or to be rendered by third parties to the client or any other party, in connection with a transaction involving the client, without the express knowledge and prior consent in writing of the client.
- Must disclose in advance, and in writing, both the fact and quantum of such fee, reward, commission, rebate or other payment.
- Must not engage in any business, work or professional activity where such business, work or activity would, or could reasonably be expected to, compromise the discharge of their obligations to their clients.
Recommending professional advice where appropriate
Shall advise and encourage the parties to a transaction to seek the advice of appropriate professionals, including solicitors, tax advisers, appraisers and valuers, where there is any material matter or issue that is beyond their knowledge or expertise. warehouse for sale in Singapore.
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