4. Legislation in real estate

1. Identify the legislative document and schedule that requires all agents in NSW to have 'Knowledge of Acts and Regulations'. In dot point form list the areas of legislation covered.

1. In the above questions, you have identified an agent must know the acts and regulations! Explain your legal responsibilities in regards to accessing, reading, interpreting, applying and maintaining knowledge of relevant legislation?

Areas	Legal responsibility
Accessing legislation
Reading legislation
Interpreting legislation
Applying legislation
Maintaining/updating knowledge of legislation

1. Legislation changes frequently in the real estate industry, describe two techniques you can use to identify and track changes and amendments to legislation.

1. Demonstrate that you have used these techniques ( from question 20) by including screenshots.

1. List the full title of the legislation and subordinate legislation, including a brief description that applies to real estate in NSW for each of the following areas (at least one piece of legislation and one piece of subordinate legislation for each this may include Commonwealth and/or state legislation):
2. Secret commissions.

1. Environmental sustainability.

1. Employment and industrial relations

1. 5. Accessing legislation and advice

1. List three reliable online sources where you would find legislation that applies to real estate operations in NSW include the link to each website.

1. You are required to access and analyse the following pieces of legislation and complete the table below:

• Competition and Consumer Act 2010 (CTH)
• Foreign Acquisitions and Takeovers Act 1975 (CTH)
• Environmental Planning and Assessment Act 1979 (NSW)

Analysis areas	Competition and Consumer Act 2010	Environmental Planning and Assessment Act 1979	Foreign Acquisitions and Takeovers Act 1975 (CTH)
The full title of the legislation
Purpose of the legislation
Key components of the legislation
Two breaches of the legislation

b. You are required to access the Property and Stock Agents Act 2002 and Regulations 2014 (NSW) and identify the penalty units and maximum monetary penalty for the following breaches:

Section NO	Section name	Penalty units & maximum monetary value
52 (1)		Individual :
78		Company:

1. Describe the most effective way to access current and point-in-time versions of the legislation. Demonstrate the techniques you used to access the current and point-in-time version of the Environmental Planning and Assessment Act 1979 (NSW) by including screenshots.

1. Which regulator would you contact if you need assistance with interpreting the Competition and Consumer Act 2010 (CTH)? What is the purpose and duties of that regulator? Where else could an agency go for advice on legislation?

1. Misinterpretation of legislation can lead to client complaints, identify and explain three communication strategies you could use to deal with complaints. (word count 25-50 words for each strategy)

Part 2: Legislation and ethical conduct

This Part of the assessment is replicated in CPPREP4001_AE_Pro_1of1 Part 4, if you have successfully completed that do not repeat your efforts here. Please copy and paste your answers below from CPPREP4001_AE_Pro_1of1 Part 4.

1. Identify the correct legislation (acts and regulations) for each of the following areas, including the full title of the legislation and a link to where it can be found. Explain the aim and purpose of these acts and how they are relevant to your work as an agent.

Areas	Full name of Legislation and/or subordinate legislation	Aim and purpose	Relevance to your work role
Act and regulations that govern all real estate operations in NSW
Hyperlinks:
Real Estate Licencing
Hyperlink:
Privacy and confidentiality
Hyperlink:
Residential tenancies
Hyperlink:
Retail tenancies
Hyperlink:
Equal Employment Opportunity
Hyperlink:
Anti-Discrimination
Hyperlink:
Work Health and Safety
Hyperlink:

1. Analyse (identify in first column, then explain) a code of conduct/regulation for each row, applicable in the Real Estate industry.

Code of conduct/regulation	Analysis
Code at Business level
Code at Industry Level
Regulation

1. Identify and explain the role of the regulatory body for real estate practices in NSW? (word count 40-60 words)