Demonstrate an understanding of real estate agency structure and personnel:
- Identify the various business ownership options and services offered by real estate agencies.
- Summarise the roles and responsibilities of FOUR (4) types of staff: Administration, Estate Agents and Agent’s Representatives and Management.
-Include legislative requirements for each staff role above and refer to each relevant section of the Act.
b) Demonstrate understanding of the relevant Victorian legislation relating to regulation of the real estate industry:
- Identify at least FIVE (5) legislation in Victoria relating to regulation of the real estate industry, including property sales and management.
- Explain how agencies can source and access legislation.
c) Demonstrate adequate understanding of the legislation relating to ethics and professional conduct of estate agents and agents’ representatives:
-Name the Act and Regulation in Victoria relating to ethics and professional conduct of estate agents and agent’s representatives.
-Discuss the objective of the regulation.
-Determine what the obligations are in this legislation (what the agent must abide by).
d) Develop appropriate strategies for the implementation, monitoring and review of client service standards.
Outline ONE (1) strategy for the implementation, monitoring and review of client service standards.
e) Develop appropriate strategies for identifying and assessing risks.
-Outline ONE (1) strategy for identifying and assessing risks in the sale of property.
-Identify THREE (3) risks associated with advising clients on property management options.
Type of assignment: Essay