Duty to clients in relation to signing of documents
8.—(1) Estate agents and salespersons must give the client sufficient time to read any form or document before asking or allowing the client to sign the form or document. CPD courses
(2) Before asking or allowing a client to sign any form or document, estate agents and salespersons must explain the meaning and consequences of the provisions of the form or document.
(3) An estate agent or salesperson with any doubt in relation to any form or document must inform the client accordingly and advise the client to seek advice from appropriate professionals. CPD courses.
(4) The client must be given a copy of any form or document that he signs either immediately or as soon as possible after signing.
Obligations in respect of agreements – CPD courses
9.—(1) Estate agents and salespersons must ensure that all agreements concerning financial obligations and commitments in respect of any transaction are in writing, and record the exact agreement between the parties concerned. CPD courses.
(2) Estate agents and salespersons shall also comply with the following requirements:
(a) they must procure signatures of all joint vendors or landlords for the sale or lease of property, and those of all joint buyers or tenants for the purchase or rental of property;
(b) they must ensure that a copy of the agreement is given to every person who signs the agreement, either immediately or as soon as possible after signing;
(c) they must allow any party reasonable time to read the agreement before signing it, and to seek appropriate advice if he or she so desires; and
(d) they must not ask or procure anyone to sign an agreement in which essential or material terms or information such as the property address, price, dates, names, and commission payable have been omitted or the relevant space for such terms or information is left blank or unfilled. CPD courses.
Source: Code of Ethics and Professional Client Care (CEPCC)
Click here to go to CPD courses.