What is confidential information in real estate?

9:3891(6)(a) as information obtained by a real estate agent from a client during the term of a brokerage agreement that was made confidential by the written request or written instruction of the client or is information the disclosure of which could materially harm the position of the client.

What is privacy and confidentiality in real estate?

Private sector provisions in the Privacy Act 1988 regulate the way many private sector organisations, including the real estate industry, can collect, use, keep secure and disclose personal information. … Individuals can also make a complaint if they think information about them is not being handled properly.

What client information is confidential?

Confidential client information is any client information that is not available to the public. Confidential information may include technology, trade secrets, information pertaining to business operations and strategies, and information pertaining to customers, pricing and marketing.

Why is confidentiality important in real estate?

The reason – because they felt the agent was working for the buyer, and not the seller at the time. … Thankfully, most real estate agents maintain confidentiality, especially the more experienced ones, who are not so desperate for a sale. Something to be aware of when appointing an agent to sell your home.

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Can a real estate agent give out personal information?

If an agent unlawfully discloses a client’s confidential information, they may be subject to disciplinary action by NSW Fair Trading. … In your case, if you did not consent to the release of your personal information and the agent was not required to disclose it by law, you can lodge a formal complaint against the agent.

What is the Privacy Act NSW?

The Privacy and Personal Information Protection Act 1998 (PPIP Act): Protects your privacy rights in NSW by making sure that your personal information is properly collected, stored, used or released by NSW public sector agencies via the Information Protection Principles (IPPs)

What is considered confidential information in business?

(1) Confidential business information is information which concerns or relates to the trade secrets, processes, operations, style of works, or apparatus, or to the production, sales, shipments, purchases, transfers, identification of customers, inventories, or amount or source of any income, profits, losses, or …

How do you identify confidential information?

Confidential Information disclosed hereunder shall be disclosed in written, electronic or other permanent form and shall be prominently identified as confidential using an appropriate legend, marking stamp, or other clear and conspicuous written identification which unambiguously indicates that the information being …

How do you answer how do you handle confidential information?

How to answer “How do you handle confidential information?”

  1. Explain the role of confidentiality in your work. Begin your answer by explaining how you expect to interact with confidential information in your role. …
  2. Describe actionable steps. …
  3. Review the outcome of your behavior. …
  4. Use general examples.
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When can you disclose confidential information?

You may only disclose confidential information in the public interest without the patient’s consent, or if consent has been withheld, where the benefits to an individual or society of disclosing outweigh the public and patient’s interest in keeping the information confidential.

How do you handle confidential information?

Keep all confidential information in a secure place. Do not leave it lying on your desk top or anywhere it can be easily accessed by unauthorized persons. It is best to keep it in a locked drawer or file cabinet. You may be asked to return all confidential information, or destroy it at the option of the owner.

How long must confidential information received in an agency relationship remain confidential?

Purpose. Confidentiality is the only duty owed to a client that continues forever. This means that even after your agency relationship ends, you are prohibited from sharing or using information about your former client.

Is there a do not call list for real estate?

Under the Do Not Call Register Act 2006 telemarketers (real estate agents included) are restricted from making unsolicited calls to people on these lists. The Do Not Call Registry rules apply to all business and call centres that use telephone marketing.