Conflict of Interests
"The fox guarding the hen-house" or "Dracula in charge of the blood bank". But sometimes conflicts of
interests are not that obvious.
A conflict of interests occurs when a person who has a duty to act in the interests of a client also has a duty to act against the interests of that same client.
Typical examples of a conflict of interests are:
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Where an estate agent is paid by the vendor of a property, but offers "advice" to a purchaser about the wording of a building inspection condition; |
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Where an estate agent "values" a property for a client, and also advises as to what price the client should accept; |
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Where a lawyer or conveyancer
acts for both parties in the one matter; |
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Where a lawyer or conveyancer
offers gifts to estate agents
in return for client referrals, but then advises the client when a dispute arises as between the client and the estate agent. |
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