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Ethics ComplianceVICEASY

Under the Estate Agents (Professional Conduct) Regulations in Victoria, which of the following best describes an agent's duty of disclosure to a client?

Correct Answer

B) Disclose all information relevant to the client's decisions, including any conflicts of interest.

Victorian professional conduct regulations require estate agents to act in the best interests of their client and to disclose all information that is relevant to the client's decision-making. This includes any conflicts of interest, material facts about the property, and any benefit the agent may receive from a third party.

Answer Options
A
Disclose only the information the client specifically asks about during the engagement.
B
Disclose all information relevant to the client's decisions, including any conflicts of interest.
C
Disclose only what the sales authority requires, since the contract defines the agent's duties.
D
Disclose material facts to buyers, but nothing about the agent's own interests to the vendor.

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Related Topics & Key Terms

Key Terms:

duty of disclosureProfessional Conduct Regulationsfiduciary obligations
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