1) Identify if the following list of legislation affects the practice of real estate agents selling property at auction in NSW:
Write True or Question False Anti-Discrimination Act 1977 (NSW) Competition and Consumer Act 2010 (CTH) Home Building Act 1989 (NSW) Fair Work Act 2009 Fair Trading Legislation Amendment (Reform) Act 2018 (NSW)* Privacy Act 1988 (CTH) Australian Privacy principles 2013 Civil Administration Act 2013 (NSW) Work Health and Safety Act 2012 (NSW) Property, Stock and Business Agents Amendment Regulation 2019Write True or Question False Be aged 18 years or over Be aged 21 years or over Be fit and proper to hold a licence Have paid the relevant contributions to the Property Services Compensation Fund Have successfully completed the Certificate IV in Real Estate Practice - CPP41419, including the three Auctioneer Accreditation units Have your principal place of work in NSW, or within 100 km of the NSW border Have your principal place of work in NSW, or within 50 km of the NSW border Satisfactorily completed the class 2 work experience requirements and have 12 months experienceQ _ 1Write True or uestlon False The bidder's record is not allowed to be shown to anyone The bidder's record is only allowed to be shown to the vendor Dnly authorised persons from NEW Fair Trading are permitted to see the record The record must be stored safely and cannot be used for any purpose - The record must be stored on a computer and password protected - The property owner can make an application to sight names of the bidders before the auction Q 1luliiirite True or uestion False Conduct a WHS inspection before starting the auction Take reasonable care- to protect their health and safety during an auction Ensure their actions do not put bidders or other people at risk during the auction Ensure their actions do not put bidders at risk only when in the real - estate office Follow reasonable instructions on health and safety Follow reasonable health and safety policy or procedures relating to health and safety Write True or uestion Q False Disclose all information relevant to the property Exaggerate claims about the location, characteristics or use that can be made of the land Lead vendors or bidders to a wrong conclusion or impression Advertise the price significantlyr lower than the selling price to attract interest Leave out or hide important information Advertise a price guide [onlyr with the vendor's approval} based on a reasonable market appraisal Use fair contract terms - Write True or Fol'se The hight bidder is the purchaser, subject to am resenre price - Dumrmr bidding may! be used to encourage higher bids - The auctioneer is entitled to make one bid only on behalfof the seller - Before the auction, the auctioneer must announce that the auctioneer is permitted to make one bid on behalf of the seller The auctioneer is not obliged to announce a vendor bid is about to be made The auctioneer must a nnou nce immeoliatel'gir before, or in the proc-s of Question making the bid, that hefshe is making a vendor bid The auctioneer an refuse a bid that is not in the interats of the seller The auctioneer mnnot refuse arw bid The auctioneer has no authority to accept a late bid, that is, a bid after the fall of the ha mmer tfthere is a disputed bid, the auctioneer is the sole arbitrator and makes the final decision tfthere is a disputed bid, the vendor is the sole arbitrator and makes the fi nal decision The successful bwer's name must be given to the auctioneer as soon as possible and exchange must be facilitated [1 t' Write True or ues Ion False Terms and conditions of the auction - The highest bidder is the purchaser, subject to any reserve price set - Names of registered bidders - Bidder registration numbers that will be taken online or over the phone - Bidder registration numbers of any coowners, executors or ad ministrators - Names of anyone bidding on behalf of anyone - The number of vendor bids - 1Write True or t' Que: Ion False Ask the vendor to ensure the property is safe before people arrive Use a risk assessment matrix Determine the likelihood of the risk occurring Complete a hazard identication form Determine the impact or consequences if the risk was to occur Applyr an overall risk rating Determine the most appropriate way to oontrol the risk Block ol'l unsafe areas
