conflict of interest

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conflict of interest

A situation that presents the possibility of having to choose which side in a transaction will receive the better service, deal, terms, or representation.The conflict may be choosing between two other parties,such as an agent attempting to represent both buyer and seller in a particular transaction,or it may be between the party and another,such as a real estate broker wishing to purchase property listed with that same broker.Rules regarding handling conflicts of interest generally provide a solution through full disclosure to all parties involved or withdrawal from the situation entirely.

References in periodicals archive ?
Assigning a focal point to manage conflict of interest, who will monitor, support and recommend solutions for conflict-of-interest issues and violations.
Police officers face many of the same conflict-of-interest problems as judges.
The authors surveyed 181 editors of peer-reviewed science and medical journals with conflict-of-interest policies in effect during 1997.
The third level of conflict-of-interest violation is violation of conflict of interest guidelines without a real conflict having occurred.
Another recent ruling considers the following potential conflict-of-interest situation.
More than three-quarters of not-for-profit organizations say they have a conflict-of-interest policy, according to the 4th annual Grant Thornton LLP National Board Governance Survey for Not-for-Profit Organizations.
Bone who had been granted an FDA conflict-of-interest "waiver"?
Its oversight committee is mostly exempt from state conflict-of-interest and open-meeting laws, which is significant, because members may have a stake in the institutions upon which they will heap millions in taxpayer-financed research grants.
Personal trading and other conflict-of-interest issues;
A recent report by the General Accounting Office (GAO) stated that the DOE's Albuquerque field office employed this novel oversight technique: They allowed contractors to make their own determinations on whether they had a conflict-of-interest on a given project.
Butler's position as Eagle Chairman, combined with his positions as CEO of Corporex and Chairman and majority owner of Commonwealth Hotels, present a significant conflict-of-interest.
LANCASTER - Campaign-sign vandalism, anonymous fliers and conflict-of-interest accusations are normal components of Antelope Valley Hospital board elections.