These question relate to certificate iv in real estate practice victoria Australian Victoria

A

You have a friend who is keen to get a start in real estate and offers to work weekends, free of charge, as your assistant to learn the industry.

A1,What three requirements need to be in place to allow your friend to legally work in the above scenario?

A2,What are the potential repercussions should you and your friend chose to ignore these requirements? A3,By ignoring these requirements, would you be breaking any of the core rules of conduct? If so, which one/s?

B

What are the CPD requirements for a Real Estate Agent in Victoria?

Select one of the following

A,9 hours of Webinars annually

B,3 hours webinars and 6 hours course prescribed by CAV annually

C,There are currently no CPD requirements

C

What are the CPD requirements for an Agents Representative in Victoria?

Select one of the following:

A,No CPD for Agents Representatives

B,Completion of 5 hours of seminars yearly

C,Attending weekly performance reviews

D A neighbour attends an Open House but complains to your assistant at the door that they do not wish to give their details to be logged on to the Register as they do not wish the vendors to be told of their interest. You need to address their concerns and advise them of their rights and your obligations.

D1,How would you address their concern, whilst trying to build rapport with the potential buyer? In your answer include three (3) communication strategies you would use.

E

Within real estate, employees can be on one of three payment structures:

• Base Salary
• Base Salary + Commissions
• Commission Only

E1,What is the benefit to an employee of being on a commission only pay structure?

F

F1List any three (3) potential barriers to communication.