I'm doing a real estate agency license (CPPREP4002)

Here is the question

Activity 1

The Real Estate Industry in New South Wales has specific Rules of Conduct.

Research and read the Rules of Conduct under the Property & Stock Agents Act 2002 and Regulations 2014.

For the examples listed below, identify and explain which Rules of Conduct may have been breached.

Examples:

a)John's property goes to auction, and Helen, the salesperson divulges to a purchaser, before the auction, the reserve price set by John.

b)Michael, a managing agent, manages a property on his agency's rent roll and the property was not inspected as to its state of repair and cleanliness on at least one occasion throughout the year, and a written report was not forwarded to the landlord.

c)Linda and David attended an investment seminar and were subsequently flown to a development location to view investment properties. The couple fell in love with one property, particularly the bushland corridor just beyond the back fence. They intended to rent the property until their retirement, then move in and enjoy the lush surrounds. The agent agreed it would be a peaceful place to retire.

The asking price was a bargain as the charts they were shown depicted prices in the area to be around$30 000 more. The agent said there were two other couples coming that afternoon to view the property.

Linda and David snapped it up taking advantage of the low conveyancing fees of the onsite solicitor.

One month later, the bushland behind the property was cleared to make way for a four-lane arterial road. Their dream of a quiet retirement home nestled in the trees was shattered faster than the asphalt was laid.

d)Mark, an agent conducts a marketing campaign with the following price information to promote accurate information about the property to attract genuine interest from buyers:

• $900000+
• 'offers over' or 'offers above' $900000
• $900,000-$100,0000

Activity 4

Property advertising must comply with:

• The Rules of Conduct
• Australian Consumer Law and
• Anti-discrimination Law

Refer to the newspaper/internet and source an example of compliant advertising for a:

a. Residential sale b. Residential lease

Copy and submit (upload to the upload box below) the advertisements and explain why you consider they are compliant with the consumer protection requirements in real estate.