To proceed with a purchase, an agent must meet several transparency standards:
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. can an estate agent buy a house they are selling
In the UK, these transactions are primarily governed by the Estate Agents Act 1979 , specifically , which covers personal interest. Legal Requirements for Estate Agents To proceed with a purchase, an agent must
They must continue to pass on all other offers from potential buyers to the seller promptly and in writing. Potential Risks for Sellers To proceed with a purchase