According to the definition on Wikipedia.com, a conflict of interest is: A situation occurring when an individual or organization is involved in multiple interests, one of which could possibly corrupt the motivation.
Examples of conflicts of interest in buying a home include:
Examples of conflicts of interest in buying a home include:
- Duel Agencies where the listing agent also represents the buyer without consent of both buyer and seller
- A real estate agent that is selling a property where he/she has ownership and does NOT disclose this ownership
- A real estate agent selling or listing a home to or for a family member without disclosure