A real estate agent who recommends a management firm to an apartment complex buyer without disclosing that the agent owns 50% of the firm has committed an ethical violation.

Question

Quizplus · Accepted Answer

This is a clear conflict of interest and the agent should disclose their ownership of the management firm to the buyer. Failing to do so is a violation of ethical standards.

A Real Estate Agent Who Recommends a Management Firm to an Apartment