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Real Estate Buyers' Agents Association of Australia (REBAA)
members acknowledge that a buying agency must be founded
upon strict adherence to the legal principles of a real estate agency
with ethical standards that may surpass minimum legal standards.
Through our commitment to the following principles, our integrity,
and our professionalism we serve our clients and community. REBAA
members will:
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Act
in accordance with the relevant real estate agent laws.
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Not
represent any client where a conflict of interest exists
or is likely to arise.
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Advise
and counsel clients
based on their own professional experience, knowledge and judgement
and on the results of research and enquiries. Make it clear
to the client whether descriptions of a property are the selling
agent's or vendors' claims or are the buyers' agents own discoveries.
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Always
act in the best interests of their clients, never do
anything that might jeopardise the clients' bargaining position
or other interests, and not disclose clients' confidential information.
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Always
act in accordance with the clients' lawful instructions.
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Have
a written agreement with each client, specifying the
services to be provided, fees and payment schedule, the term
of the agreement and the client's options and obligations for
termination of the agreement.
- Declare
to the client any financial or other interest in any
property or service they are referring the client to.
- Disclose
to selling agents, on first contact, that they are acting as buyers'
agents and are not the purchaser. Give written authority
to bid, signed by the client, to the selling agent or vendor,
before the start of any auction (state laws may differ).
- Consider
and research all potential sources when conducting a
property search.
- Thoroughly
research a targeted property and its surroundings whenever
possible to discover all material information and relate all relevant
information to the client.
- Not
undertake specialised services for which they are not qualified
or licensed and make it clear to the client that they
are not a substitute for professional, legal or financial advice
(unless qualified to provide that advice).
The
REBAA Code Of Ethics is available to download as an Adobe Acrobat
pdf file.
Click
here download the REBAA Code Of Ethics .
Don't have Adobe Acrobat? Download it here (free download).
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