Assessment Task 2: Working in real estate Whotyou need to do: I For this assessment task you will undertake research and report on various aspects of working in the real estate industry. What you will need: I Research materials such as books, internet, magazines, workplace documentation etc. I Access to legislative and regulatory documentation Whotyou need to submit: I Your report. instructions You will need to research information andfor visit a local agency to assist with your responses for this task. You should use a variety of sources to gather information including training resources. workplace policies and procedures [if you are able to access these] and government and industry bodies. You are required to provide information about the following points. You must prepare a written response to each point, which can be supported by example documentation as required. Ensure material is referenced appropriately. Your industry report must cover the following topics: a] Real estate agency structure and personnel 8 Identify the various business ownership options and services offered by real estate agencies. 8 Provide an outline of a typical organisational structure for a real estate agency. I Provide an overview of agency staff roles and responsibilities including administration, agents and agent's representatives and management. 8 You must address legislative liabilities and responsibilities [refer to appropriate sections of the relevant Act for your state or territo ry]. bl Key agencies and industry bodies. Provide a detailed overview of the following agencies [refer to your own state or territory where required}. including any legislative powers they have. 8 Consumer affairsffair trading 8 Civil and administrative tribunal 8 Estate agents councilfproperty board 8 Residential tenancies bond authorityjboard 8 Real Estate Institute of Australia [REIA]. c] Legislative requirements 8 Identify the legislation in your state or territory relating to regulation of the real estate industry, including property sales and management. I Identify and document how agencies maintain up-to-date records of legislation and industry codes. 8 How are amendments to legislation and industry codes tracked and communicated to staff? d} Ethical and professional conduct standards