A broker is held personally and legally liable for any fraud or deceit they commit during a transaction. They are also responsible for losses caused by gross negligence or failure to follow the rules stipulated in the Bylaw or the Code of Ethics. In…
A broker is held personally and legally liable for any fraud or deceit they commit during a transaction. They are also responsible for losses caused by gross negligence or failure to follow the rules stipulated in the Bylaw or the Code of Ethics. In such cases, the broker not only faces a potential lawsuit for damages but also forfeits their right to any commission. This accountability is central to protecting investors from unethical practices in the property market.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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