AIPP • CODE OF CONDUCT
ASSOCIATION OF INTERNATIONAL PROPERTY PROFESSIONALS
CODE OF CONDUCT 1. General
1.1. Members shall adhere to the highest standards of honesty and professional integrity both in their dealings with the public and in their dealings with each other.
1.2. Members shall conduct their affairs with integrity and dignity.
1.3. Members shall, in particular, refrain from misleading statements and exaggerated claims in their dealings with sellers, buyers and potential buyers.
1.4. Members shall take all possible steps to avoid confl icts of interests and shall decline to deal with any transaction where such confl icts arise.
2. Sales
2.1. Members shall, if they are developers or sales agents, make it clear that they are or represent the Seller of a property. In any other case the Member must make clear their status and whose interests they represent.
2.2. Members shall always recommend the use of an independent lawyer for international property transactions.
2.3. Members shall not require potential buyers to sign binding preliminary purchase contracts without giving them reasonable opportunity to refl ect on the contract and to obtain legal advice. Nothing in this rule shall prevent a Member securing the immediate signature of a reservation contract or similar under which a property is removed from the market for a defi ned period upon payment of a modest deposit and which does not irrevocably commit the buyer to the purchase of the property.
30 AIPP CONSUMER GUIDE
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