I serve on a board alongside a member who holds a full-time job while also engaging in real estate activities on the side. He has expressed an interest in sending his information to unit owners if a property becomes available for sale, with the goal of potentially becoming their listing agent. I have raised concerns regarding the possibility of a conflict of interest, but two out of the five board members have stated that they do not believe it constitutes a conflict and have no objections to his pursuit.
Is this situation truly a conflict of interest, and if so, why?
