Conflict of Interest

Question 1

What is informed consent

Answer 1

Permission from your client to proceed with the instruction despite there being a conflict of interest

Question 2

Name the 3 types of conflict

Answer 2

Personal Conflict:
You personally may hold the same interest as that of the client.

Party conflict:
Working for two parties on the same or related professional assignment

Confidential Information Conflict:
Situation where the confidential information of a client may or could be used in work undertaken for another client

Question 3

What methods may be used to prevent a conflict of interest within a company

Answer 3

Information barriers

Informed consent

Question 4

Does a success based fee lead to a conflict of interest

Answer 4

Yes this can be interpreted as a conflict of interest as it can influence the actions of a surveyor

Question 5

Does informed consent mean that you can proceed with an instruction

Answer 5

No, a valuer must decide:

• Is proceeding legal
• Will the conflict impact their decision making
• Is the client fully aware of the conflict and its implications

Question 6

Why can you act in a dual role at lower Tribunals

Answer 6

To ensure access to justice at a low cost for clients