Q-2. "What if a person had the choice of buying a house out in the city or in the city". ---- Depict logically the corresponding conflict if you are in those situations.​

Respuesta :

The conflict corresponding to the options to buy a house outside the city or in the city refer to irreconcilable circumstances, that is, differences between two parties, which is the conflict of interest.

This occurs when the specialist agent's personal interests compete with the client's interests.

Interests can be:

  • Personal
  • Financial
  • Business

The client's legal expectation is that their interests are better resolved due to the existing fiduciary relationship, therefore, recommendations from the specialized agent that incur greater benefits or commissions are examples of a conflict of interest.

Therefore, there is specific legislation that deals with conflicts of interest in the property purchase and sale sector, and must be complied with by the client and the real estate agent so that the transactions can take place in a legal manner for the parties involved.

Find out more information about conflict of interest here:

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