Finding out or verifying facts material to the sale of property
20 Finding out or verifying facts material to the sale of property
An auctioneer appointed to sell property must take reasonable steps to find out or verify the facts material to the sale that a prudent auctioneer would have found out or verified to avoid error, omission, exaggeration or misrepresentation.
The steps must be taken before the auctioneer auctions the property and afterwards as the occasion arises.
A real estate agent appointed to sell, purchase, exchange or lease property must take reasonable steps to find out or verify the facts material to the sale, purchase, exchange or lease that a prudent real estate agent would have found out or verified to avoid error, omission, exaggeration or misrepresentation.
The steps mentioned in subsection (3) must be taken before the agent lists the property and afterwards as the occasion arises.
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