Question
a)Where will agents find standards governing the conduct of real estate practitioners? List the various pieces of legislation this refers to the following answer is
a)Where will agents find standards governing the conduct of real estate practitioners? List the various pieces of legislation this refers to the following answer is my answer, are they correct? Land and Business (Sale and Conveyancing) Act 1994, Part 4 Special requirements relating to agents and sales representatives: Section 20 Authority to act as agent Section 21 Requirements relating to offers to purchase residential land Section 22 Person signing document to be given copy Section 23 Agent not to receive commission if contract avoided or rescinded Section 24 Agent not to lodge caveat for sums owing by client Section 24A Representations as to likely selling price in marketing residential land Section 24B Financial and investment advice Section 24C Agent to disclose certain benefits connected with sale or purchase Section 24D Agent not to retain benefits in respect of services associated with sale or purchase of residential land Section 24E Agent to supply valuation in prescribed circumstances Section 24F Agent not to act for both purchaser and vendor of land or business Section 24G Restriction on obtaining beneficial interest in selling or appraising property Section 24H Agent not to pay commission except to officers or employees or another agent Part 6 Miscellaneous: Section 36 False or misleading representation Fair Trading Act 1987 (not sure)?? should I include this? b)List five areas/activities involved in running a real estate agency that are covered by these standards. (Need someone to answer this question)
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