1260-02-.11
Personal Interest
Cite as Tenn. Comp. R. & Regs. 1260-02-.11
(1)
No broker or affiliate broker shall, either directly or indirectly through a third party, purchase
for himself or attempt to purchase or acquire any interest in or option to purchase property
listed with him or with his company, or property regarding which he or his company has been
approached by the owner to act as broker, without first making a full disclosure of his true
position to the owner of the property or to any prospective purchaser for which he has acted
for as a client or customer. After acquiring any such personal interest, either directly or
indirectly, the broker or affiliate broker shall make a full disclosure of his true position to
prospective purchasers who tender offers to buy the property.
(2)
All licensees shall identify themselves as a licensee when buying or selling property for
themselves.