a>

i. What is the definition of property residential property fee simple ii. Name the legislation that governs the sale of property in NSW iii. List down six matters can affect the title of property and briefly explain each matter iv. What ethical principles in the Rules of Conduct or the legislation cover the disclosures that are required to be made when selling property. Name the rule number or Section number and what it covers v. Section 52 of the Property and Stock Agents Act 2002 requires agents to disclose material facts when selling property. Name where a list of what includes material facts can be found, and list what is required to be disclosed if the agent is aware of it.

b.

Recommendations to the vendor i. List the three main methods used to sell property in NSW and describe the broad processes involved with each method. ii. Provide written recommendations to the vendor on what they needed to do in regard to how the property is presented to the market in order to obtain the premium price they are looking for

c.

Property inspections You have arranged an open for inspection for the first Saturday that the property is on the market. Briefly describe how you will handle enquiry in the first week of marketing and anyone who rings in wanting to inspect the property. In addition, discuss how you will handle inspections going forward after the first open for inspection, and your reasons for doing so, if the property does not sell in the first two weeks it is on the market.

d.

Recording inspection details List down the details you would seek from someone turning up at an open home. Then list down what information you would seek from the person after they had inspected the property.