b} lComplete an authority to sell [submit as part of your assessment for this task}. c] Describe the strategies that you will use to market the property. :1} At the auction, the property is knocked down to Andrea Atkins who made a successful bid of $450,000. Describe the process, including any legislative requirements, from acceptance of the final bid through to settlement. e} Consider the following situations and issues and, referring to the relevant legislation, explain any legal andfor ethical requirements in relation to property sales. i] in estimating the selling price you recommend a price range of 5400,0005450,000 ii} The local newspaper offers you a discount of 1556 on advertising costs for this property as your agency is a regular and reliable customer. iii] You are approached by a potential buyer who wants to buy the property, tear down the house, build two units and lease them. He offers 53 00,000 and tells you that if you can get the vendor to accept this price, he will use your agency to manage the properties. What are the possible consequences if you were to agree to the buye r's proposal? iv] You are approached by a potential buyer who makes an offer of $400,000. Il'ou believe that the house will sell for more at auction so you do not pass on the offer to the vendors. At auction, the property is passed in as it does not make the reserved price