1) Explain why you must apply ethical conduct requirements in your personal decision making in Real Estate. Please write in paragraph.

2) Explain three consequence an real estate agent may face by not applying ethical requirements in their decision making. Please write it in points forms.

3) Explain strategies you could use to respond to both two concerns and two discrepancies between how the agency conducts themselves and the real estate standards for ethical practice and application of legislation in Australia.

Concern Response Strategy Dishonesty. Misleading information (verbal/writing/image/etc). Unsigned agency agreementDiscrepancy Response Strategy In breach of licence conditions, agent has not completed required CPD training (50-60 words) Acted in a manner against company standards/policies/procedu res/etc. (50-60 words)Risks and impact to Consumer Law Risk to agency Risk to industry Personal risk consumer Property and Stock Agents Regulations 2014 (NSW) Schedule 1.2 Specifically the obligation to 'act with integrity in regard to the principal's money" Schedule 9 Property and Stock Agents Act 2002 (NSW) Section 52 Competition and Consumer Act 2010 (CTH) Section 29