While it can lead to a quick, "effortless" sale, sellers should be aware of certain risks:
Yes, an estate agent can legally buy a house they are selling , but they must follow strict rules to avoid . can an estate agent buy a house they are selling
They must continue to pass on all other offers from potential buyers to the seller promptly and in writing. Potential Risks for Sellers While it can lead to a quick, "effortless"
These rules also apply if the buyer is a "connected person," such as a family member, business associate, or another employee at the same agency. " such as a family member
In the UK, these transactions are primarily governed by the Estate Agents Act 1979 , specifically , which covers personal interest. Legal Requirements for Estate Agents