reg 26
In forceDuties regarding opinion of market price
Part 6Specific duties of agents and sales representatives
26 Duties regarding opinion of market price
If an agent or sales representative gives a person an opinion as to the current market price of real estate or a business, the agent or sales representative must not act as an agent or sales representative for the person unless the agent or sales representative gives the person the following in writing —
(a)
a statement of the opinion;
(b)
the reasons on which the opinion is based;
(c)
if available, information regarding the sale of similar real estate or businesses, supporting the opinion.
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