Under the Estate Agents Act 1980, specifically Section 55, agents are prohibited from selling property to family members without disclosing their relationship to the vendor and obtaining consent. In this case, Sam, the agent, sold a property to his daughter without informing the vendor or securing their approval. This constitutes a breach of Section 55, as Sam failed to act transparently and ethically, compromising the vendor's interests and violating legal obligations. To address this legislative breach to address your Principal (employer) or Consumer Affairs Victoria word count
Subject: Breach of Section 55 of the Estate Agents Act 1980
Dear [Principal/Consumer Affairs Victoria],
I am writing to bring to your attention a serious breach of the Estate Agents Act 1980, specifically Section 55, involving our agent, Sam. It has come to my notice that Sam sold a property to his daughter without disclosing their familial relationship to the vendor or obtaining the necessary consent.
This action not only undermines the ethical standards expected of our agency but also compromises the vendor's interests. Transparency and integrity are paramount in our dealings, and this breach reflects a failure to uphold these values.
I recommend that we take immediate steps to address this issue, including reviewing our internal policies and providing additional training to our agents on compliance with the Estate Agents Act. It is crucial that we reinforce the importance of ethical conduct and legal obligations to prevent such incidents in the future.
Thank you for your attention to this matter. I look forward to your guidance on how we can rectify this situation and ensure compliance moving forward.
Sincerely,
[Your Name]
[Your Position]
[Your Contact