Real Estate in state of New South Wales, Australia

1) Which of these are ethical requirements and which are legal obligations and what legislation relates to these requirements and obligations?

Ethical 8: legal considerations Explanation and example of how the ethical consideration relates to marketing and communication Confidentiality The rules of conduct require agents not disclose confidential information from our clients while acting on their behalf. This principal must be applied when marketing property and discussing property at open for inspections. For example, family photos or other identifying items must not be included in advertisements. Personal details such as reason for sale, i.e. Divorce, must not be disclosed to potential purchasers during either an OFI or other discussions. The selling price that was advertised. It's a crucial aspect of advertising that shouldn't be misrepresented. Making a statement about an estimated selling price that is less than the real estate agent's honest estimate while marketing a residential property is illegal. Real estate agents that advertise homes at prices below their genuine estimation are deemed to be making a deceptive representation. Steering When you're trying to help others, it's simple to make this mistake. Steering is the act of giving real estate advice or services in such a way that segregated housing is maintained. This could include making location recommendations based on a person's race, religion, or other protected class, or tightly targeting your advertising to a specific demographic, perpetuating housing segregation. When discussing a region's demographics, be cautious. Instead, concentrate on the property's features rather than the people. An agent may not solicit clients or consumers through deceptive or misleading advertisements or other Representations that communications. To ensure honesty and integrity in are false or misleading advertising, agents should label photographs used in advertisements