Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the legislation (The Property, Stock, and Business Agents Act 2002) , please select the correct rule/rules for each of the statements/areas below. Provide an

image text in transcribedimage text in transcribed

Using the legislation (TheProperty, Stock, and Business Agents Act 2002) , please select the correct rule/rules for each of the statements/areas below. Provide an example situation and explain how it applies to ethical practice. Thank you!

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Stateme n.1,}r Area Example: complying with fiduciary duty and obligations maintaining knowledge of relevant legislation and truly demonstrating this knowledge in real estate activities and transactions Ruleis No or Act Example and explanation Complying with this ruie demonstrates ethical practice by the agent ifthey act honourahly, with respect and due diligence in all dealings with their clients. By maintaining privacy and condentiality in regards to not disclosing personal details about the client and by faithfully and accurately accounting to the client in relation to all trust monies held. Example: accurately complete agencyr agreement and follow the instructions in the agreement andI account to the client as directed in the agreement. Maintaining the client's records securely and not disclosing their personal circumstances to third parties. maintaining and developing industry qualifications, licences, competency and currency acting with honesty, fairness and professionalism exercising skill, care and diligence acting in the best interest of clients following principal's instructions unless unlawful maintaining confidentiality and security of informationobtaining and acting according to client authority and instructions maintaining independence and disclosing and managing potential conflicts of interestdisclosing real and potential conflicts of interest, including disclosing material particulars or material facts, beneficial interests, commission, rebates making sure advertising and communications are not false or misleading using clear communication in all dealings with all parties to the real estate transaction, including providing written documents and signed documents Client protection and focus Acting Respectfully

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Law Express Criminal Law

Authors: Emily Finch, Stefan Fafinski

8th Edition

1292295414, 978-1292295411

More Books

Students also viewed these Law questions

Question

Determine the value of the unknown. log 3 27 1 = x + 1

Answered: 1 week ago

Question

Let A and B be two events in a sample space with A B. Then, A B = .

Answered: 1 week ago

Question

2. Ask questions, listen rather than attempt to persuade.

Answered: 1 week ago

Question

1. Background knowledge of the subject and

Answered: 1 week ago