Declaring Agents Interest
The Property, Stock and Business Agents Act (PSBA) provides that if a licenced agent is selling a property they own through the agency at which they work, they must disclose in all marketing materials that there is an “Agents Interest”.
If the property being sold is owned by an employee of the Agency that is not a Licenced Agent, for example a Certificate Holder, there is no requirement in the PSBA to disclose Agents Interest in marketing materials for the sale of that property. However, in those situations it remains good practice for Agents to disclose Agents Interest for the purpose of reducing risk and to ensure there is no misconception that the purchaser has been misled or taken advantage of.
Please watch our short video below to find out more about the PSBA requirements for Agents to disclose Agents Interest.