ISSUE:
Whether or not an estate agent is liable to disclose information to Principal , that comes to his knowledge from his dealings with another seller/principal?
RULE:
In the case of estate agents, it is their business to act for numerous principals, several of whom might be competing and whose interests would conflict. Despite this conflict of interest, estate agents must be free to act for several competing principals, otherwise they will be unable to perform their function. Therefore, a term was to be implied in the contract with such an agent that he was entitled to act for other principal’s selling similar properties and to keep confidential information obtained from each principal.