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General: AIPP Code of Conduct

General

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.

2. Members shall conduct their affairs with integrity and dignity.

3. Members shall, in particular, refrain from misleading statements and exaggerated claims in their dealings with sellers and potential buyers.

4. Members shall take all possible steps to avoid conflicts of interests and shall decline to deal with any transaction where such conflicts arise.

Sales

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. Members shall always recommend the use of an independent lawyer for international property transactions.

3. Members shall not require potential buyers to sign binding preliminary purchase contracts without giving them reasonable opportunity to reflect 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 defined period upon payment of a modest deposit and which does not irrevocably commit the buyer to the purchase of the property.

Legal

1. Members shall comply with all applicable local laws, including tax laws.

2. Members shall accept responsibility for all acts of their staff.

Relations with AIPP

1. Members shall comply with this Code of Conduct and with all rules made by AIPP.

2. Members shall respond promptly to correspondence from AIPP.

3. Members shall, upon request by AIPP, provide AIPP with copies of any document relating to their dealings with any other person or their business practices which in the opinion of AIPP may be necessary in order to establish the Member's compliance with his obligations under this code or in connection with the Dispute Resolution Procedure.


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