Under WA ethical standards, when an agent provides a market appraisal to a prospective seller, what obligation do they have regarding the estimated selling price?
Correct Answer
B) The agent must provide an honest and professionally justified estimate based on comparable evidence, not an inflated figure designed to win the listing
Under the Code of Conduct and ethical obligations, WA agents must provide honest, professionally justified market appraisals based on comparable sales evidence. Deliberately inflating an appraisal to win a listing (known as 'buying a listing') is unethical and may constitute misleading conduct, potentially harming the seller's interests.
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