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50. How could you find out more information about having a 'cleaner and greener' work place? new 51 51. Legislation has been introduced to regulate

50. How could you find out more information about having a 'cleaner and greener' work place? new
51 51. Legislation has been introduced to regulate the use of tenant databases. List four (4) reasons a tenant can be listed on a tenancy database: new
52 52. The key principles of Australian Consumer Law are to protect consumer rights when buying goods and engaging services. List two (2) examples of these rights. new
53 53. Which section of Australian Consumer Law deals with false or misleading representations about the sale of land? new
54 54. In your state, whose responsibility is it to view and confirm a vendor/sellers identity? new
55 55. What is a Certificate of Title? new
56 56. What are the essential elements to a valid Agency Agreement or Sales Authority? new
57 57. What is the Act that regulates the real estate industry in your state? new
58

58. There are many key components or tiers to legislation and how Acts work. These tiers are referred to as 'hierarchy'.

Provide a description of each point.

  • Acts / Legislation TIER 1
  • Regulations / Amendments TIER 2
  • Mandatory Rules and Codes / Schedules and Appendices TIER 3
  • Policy and Procedure Manuals TIER 4
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59 59. There are 11 elements to the structure of legislation. What are they? new
60 60. What steps are taken before amendments to legislation happen? new
61 61. List two (2) techniques and strategies for tracking legislative amendments. new
62 62. Who is ultimately responsible for ensuring the agency is compliant and how do they do this? new
63 63. Identify three (3) common problems associated with interpreting legislation. new
64 64. What is the process for addressing a discrepancy when found? new
65 65. What could be an example of a correction to a discrepancy? new
66 66. What is 'express permission' and how give an example of how it relates to an agency? new
67 67. Define the relationship between marketing and communication channels. new
68 68. List any five (5) methods of communication / marketing that you can use to promote a property. new
69 69. Choose any three (3) marketing techniques and analyse their features and benefits. new
70 70. Briefly describe what engaging with the community offers. new
71 71. There are six (6) building blocks for excellence customer service. What are they? new
72 72. Identify and explain ethical practice considerations in marketing and communication, in particular Sections 18 & 30 of Australian Consumer Law. new
73 73. Provide three (3) examples of what an agent MUST NOT DO with regards to photographs used in advertising of a property. Explain why. new
74 74. List any three (3) of the ways you could market yourself and/or the agency. new
75 75. The purpose of personal, property and agency profiles is to build trust with your clients. What does your marketing strategy need to outline to achieve this? new
76 76. How does a personal profile assist in attracting potential clients? new
77 77. What is the definition of 'trust money' new
78 78. What is the purpose of a trust fund / account? new
79

79. What is a:

NSW - Statutory Interest Account

VIC - Victorian Property Fund

SA - Agents Indemnity Fund

WA - Fidelity Guarantee Account

QLD: Claim Fund

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80 80. Define the impact of fraud on the real estate profession and public and provide an example. new
81 81. Provide two (2) examples of trust money. new
82 82. What are general funds? Provide one example. new
83 83. Provide two examples of a how general account is used. new
84 84. Who in the agency can receipt trust monies? new
85 85. Who in the agency is ultimately responsible for disbursements from the trust account? new
86 86. What is a disbursement, how can it be drawn from the account? new
87 87. What is the procedure if an account is overdrawn? new
88 88. By what date must the licensee-in-charge have the trust account audits completed? new
89 89. Why would a licensee-in-charge/principal agent monitor and maintain audit procedures, both internally and externally? new
90 90. List two (2) of the licensee-in-charge's responsibilities for trust account audits. new
91 91. List two (2) of the penalties that can be expected when stealing from or not properly supervising trust accounts. new
92 92. What are trust account deposit timeframes (in your state) that you should adhere to in real estate? new
93 93. When should a trial balance/reconciliation statement be undertaken? new
94 94. Under legislation, when must a trial balance or reconciliation statement be undertaken? new
95 95. List and describe any two (2) of the common forms of errors in trust accounts. new
96 96. What is a Journal used for in regards to trust account? new
97 97. List three (3) benefits to using a computerised system for trust account management as opposed to a handwritten system: new
98 98. What is the role and what are the functions of trust accounting software? new
99 99. What information must be contained in an end-of-month landlord's statement?

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