Greg is a recently qualified estate agent, specialising in finding buyers for clients who wish to sell property. At a party, Greg meets John, who is seeking investment opportunities but has limited business experience. Greg informs John that he knows of a number of potential business opportunities and they arrange to meet the next day. Greg shows John a number of properties. These include an office building in the town centre which Greg says could be developed as a café with apartments upstairs. John purchases the building but is then informed by the local authority that it can only be used for offices. John is now likely to lose a significant amount of money as there is already too much office space available in the town centre. Advise John as to his rights in this situation.

Greg is a recently qualified estate agent, specialising in finding buyers for clients who wish to sell property. At a party, Greg meets John, who is seeking investment opportunities but has limited business experience. Greg informs John that he knows of a number of potential business opportunities and they arrange to meet the next day. Greg shows John a number of properties. These include an office building in the town centre which Greg says could be developed as a café with apartments upstairs. John purchases the building but is then informed by the local authority that it can only be used for offices. John is now likely to lose a significant amount of money as there is already too much office space available in the town centre. Advise John as to his rights in this situation.