Question
In state New South Wales, Australia: 1) Using Schedule 2, Part 2 of the Rules of conduct (Property and Stock Agent Regulations 2014) discuss two
In state New South Wales, Australia:
1) Using Schedule 2, Part 2 of the Rules of conduct (Property and Stock Agent Regulations 2014) discuss two regulatory requirements when listing new properties for rent.
2) Identify the key features of a property management records system (i.e. Property Tree).
3) Why must an agency maintain property management records? Include the relevant legislation and timeframes in your response.
4) Explain the legal requirements related to a property management agreement and one other of the above documents. Refer to the relevant legislation.
5) Identify three key indicators of rental market conditions and where you would find this information. Provide the hyperlinks to two (2) of these information sources.
6) List the two main acts applicable to consumer protection.
7) Describe how consumer protection, fair trading, and trade practices apply and protect both the agency and its clients.
8) Identify the Act and Regulation that outline the legal requirements for residential tenancies in NSW.
9) Identify the legislative requirements that would apply, if you listed a currently tenanted property?
10) Is it acceptable to discriminate when employing new agency staff or when assessing rental tenancy applications? Justify your response using the appropriate legislation.
11) How can accountants assist landlords with meeting their legal obligations under Australian Taxation Laws? What document does an agency provide annually to assist the accountant?
12) Identify the piece of legislation and the government website that governs Work Health and Safety measures in Australia. Provide the hyperlink to the government website.
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