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Ethics ComplianceSAEASY

What is the ethical requirement for a land agent in SA when they become aware of a conflict of interest?

Correct Answer

B) Disclose the conflict to all affected parties in writing and obtain their informed consent before proceeding

When a conflict of interest arises, the agent must promptly disclose it in writing to all affected parties and obtain their informed consent before proceeding. If consent cannot be obtained, the agent must withdraw from the transaction.

Answer Options
A
Ignore it and continue with the transaction
B
Disclose the conflict to all affected parties in writing and obtain their informed consent before proceeding
C
Only disclose if the conflict involves more than $10,000
D
Report it to REISA but continue acting

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Related Topics & Key Terms

Key Terms:

conflict of interestfiduciary dutywritten disclosure
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