When is it appropriate for a broker to disclose conflicts of interest?

Disclosing conflicts of interest is crucial in real estate practice to ensure transparency and maintain trust between the broker and their clients. A broker should always disclose any potential conflicts of interest to their clients to uphold ethical standards and comply with legal obligations. This practice protects the interests of all parties involved and fosters a clear understanding of the broker's role and motivations.

By maintaining transparency and providing full disclosure, brokers can prevent misunderstandings that could arise from perceived or actual conflicts. This not only helps in maintaining professional integrity but also builds stronger relationships with clients, as they feel informed and respected in the decision-making process.

While it may be relevant to consider when to disclose during specific transactions or advertising, the foundational principle is that transparency should be an ongoing commitment in all dealings. Disclosing conflicts of interest at all times aligns with best practices in the real estate industry and supports the ethical duty brokers have towards their clients.