These rules also apply if the buyer is a "connected person," such as a family member, business associate, or another employee at the same agency.
Yes, an estate agent can legally buy a house they are selling , but they must follow strict rules to avoid . can an estate agent buy a house they are selling
In the UK, these transactions are primarily governed by the Estate Agents Act 1979 , specifically , which covers personal interest. Legal Requirements for Estate Agents These rules also apply if the buyer is
To proceed with a purchase, an agent must meet several transparency standards: Legal Requirements for Estate Agents To proceed with
They must continue to pass on all other offers from potential buyers to the seller promptly and in writing. Potential Risks for Sellers
The agent must disclose their personal interest in writing to the seller at the earliest opportunity—ideally before any negotiations begin.