2.2 For agents only: accepting instructions from a landlord
2.2.2 Giving correct advice
An agent must provide truthful, accurate and unbiased advice to a landlord.
Where an agent advises a landlord about a letting a realistic rental assessment must be made, reflecting
current market conditions. It should be supported by comparable market evidence, if available.
This is another example of the agents fidicuiary duty, to act in good faith at all times and not to have any conflict of interest.
It places a duty also on the agent to be knowledgable on the law and practice of renting property and to have a detailed knowledge of local market conditions.