About the OFT
Declaring a personal interest
Under the Estate Agents Act 1979 (the law), if you or a connected person has any personal interest in a transaction, you must reveal this promptly and in writing, if you:
- have an existing personal interest. You must declare this before you begin negotiations
- plan to acquire an interest in your client's property
- are selling your property to the client.
You must not ask for or receive a deposit for the sale of a property in which you have a personal interest.
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Back to: Estate Agents Act
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