Using the Property and Stock Agent Act 2002 (NSW) legislation, select the correct rule/rules for each of the statements/areas below. Provide an example situation and explain how it applies to ethical practice.

Rule/s Statement/Area Example and explanation No or Act Complying with this rule demonstrates ethical practice by the agent if they act honourably, with respect and due diligence in all dealings with their clients. By maintaining privacy and confidentiality in regards to not disclosing personal details about the Example: client and by faithfully and accurately accounting to complying with fiduciary the client in relation to all trust monies held. 2 duty and obligations Example: accurately complete agency agreement and follow the instructions in the agreement and 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 knowledge of relevant legislation and trolvr demonstrating this knowledge in real estate activities and transactions maintaining and developing industry qualifications, licences, CDmpE'lIEHC'f and currencv 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 information obtaining and acting according to client authority and instructionsmaintaining independence and disclosing and managing potential conflicts of interest disclosing 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 misleadingusing clear communication in all dealings with all parties to the real estate transaction, including providing written documents and signed documents Client protection and focus