1) The primary legislation that regulates the way auctions of residential property and rural land are conducted in NSW is:

Put it next to Answer choices you r HHSWEF a} Colleagues or other estate agent. - h] Anyone attending the auction - c} Friends or family:r of the vendor - d] Only registered bidders - Put X next to Answer choices your answer a) A card(s) or document(s) issued by a government or financial institution that shows the potential bidder's name and date of birth b) A card(s) or document(s) that show the potential bidder's name and photo c) A card(s) or document(s) that show the potential bidder's name, address, date of birth and photo d) A card(s) or document(s) issued by a government or financial institution, that shows the potential bidder's name and addressPut it next to Answer choices your answer a} Disciplinary action from the Real Estate Institute of NEW [REINE'W] and a fine up to $5000 c} Disciplinary action from NEW Fair Trading and a fine of up to $11,000 cl} Disciplinary action from the Real Estate Institute of NEW [REINS'W] and a fine up to $10,000 b] A penalty notice under the Property and Stock Agents Act {NSW}, and a fine of up to $1,000 Put X next to Answer choices your answer a) $15,000 b) $25,000 c) $55,000 d) $75,000Put it next to your HHEWEF Answe r c hoices a} Before the auction, the vendor sets a minimum price with the auctioneer. If the reserve price does not reach that minimum price during bidding, the auctioneer must pass in the property Before the auction, the vendor sets a minimum price with the auctioneer. The auctioneer will continue the bidding until the minimum price is reached during bidding, the auctioneer will privately ask the vendor if they will sell at a lower price Before the auction, the auctioneer determines the minimum price based on market conditions. During the auction, the vendor has the option of amending the minimum price in order to close the sale Before the auction, the vendor sets a minimuml price with the auctioneer. If the reserve price does not reach that minimum price Put X next to Answer choices your answer a) Reserve letter and Contract of Sale b) Contract of sale and purchase of land c) Bidders Register/Record and Auction Plan d) Vendor Disclosure Statement and Auction Plan