Under WA law, what disclosure must a real estate agent make if they are receiving a commission or benefit from a third party in connection with a property transaction?
Correct Answer
C) Third-party commissions, rebates or benefits must be disclosed to the client in writing
Under the Real Estate and Business Agents Act 1978 (WA) and the Code of Conduct, agents must disclose any commission, benefit, or rebate they receive from third parties (such as referral fees from mortgage brokers or removalists) to their client in writing. This ensures transparency and avoids conflicts of interest.
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