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SQESalespersons Qualifying Examination✓EAQEEstate Agents Qualifying ExaminationA purchaser under a provisional agreement wants to resell the flat before completion (as a 'confirmor'). The agency is asked to find a sub-purchaser. What should it make clear to the sub-purchaser?
Answer: That the seller is a confirmor dependent on the head agreement, and legal advice is needed. Why not the others: - Same as an ordinary sale: The confirmor does not yet own the flat. - The owner guarantees it: The original owner is not a party to the sub-sale. - No stamp duty: Sub-sales may be chargeable. Rule: EAA guidance on confirmor sales (Circular No. 01-08 (CR)) requires licensees to disclose the confirmor nature of the sale and its risks and to recommend legal advice; licensees must also disclose any interest of their own. Source: EAA Practice Circular No. 01-08 (CR); EAA Code of Ethics, paragraph 3.6.2; as at Oct 2026
Not explaining that a confirmor does not yet hold title.
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Start practising →An original question written to the published EAQE syllabus. Figures in the explanation carry their effective dates; check them against the current law before relying on them. Independent exam practice. Not affiliated with or endorsed by the Estate Agents Authority (EAA) or the examination administrator.