1. Outline the 2 legal issues that are evident in this scenario (refer to Sections 55 of the Estate Agents Act 1980) The 2 legal issues are in this story: An agent's representative employed by an estate agent must not obtain a beneficial interest in any real estate or business that the estate agent has been commissioned by any principal to sell. the trustee of a discretionary trust of which the person or an associate of the person is a beneficiary purchases, or obtains a beneficial interest in, the real estate or business. 2. Outline any ethical issues that you should be aware of. The father has no knowledge in purchasing a rural property before and in local marketplace, he always lives in the city. 3. Explain the actions you need to take to ensure that you are compliant with your state or territory legislation. 4. State the penalties that may be imposed both on you personally, and the agency as a business, if you fail to comply with the legislation. Failure to comply with these issues creates a liability to penalties of up to 240 penalty points and/or 2 years imprisonment