Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You work for a real estate agency in a small country town. Your office principal recently listed a small hobby farm. Your father had been

You work for a real estate agency in a small country town. Your office principal recently listed a

small hobby farm. Your father had been looking for a country property and you thought that

this farm would be ideal for him. You persuaded him to come and inspect the property, and he

has now made an offer to buy the farm which has been accepted by the seller.

Your father lives in the city. He has no knowledge of the local marketplace and has never

purchased a rural property before.

He asks to be referred to a local solicitor but the only solicitor in town is the husband of the

agency's property manager.

  1. Outline the2 legal issuesthat are evident in this scenario (refer to Sections 55 of the
  2. Estate Agents Act 1980)
  3. Outline anyethical issuesthat you should be aware of.
  4. Explain theactionsyou need to take to ensure that you arecompliantwith your state or
  5. territory legislation.
  6. State thepenaltiesthat may be imposed both on you personally, and the agency as a
  7. business, if you fail to comply with the legislation.

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

Essential Criminal Law

Authors: Matthew R Lippman

1st Edition

1452276935, 9781452276939

More Books

Students also viewed these Law questions

Question

13.6 Explain how to set up aflexible benefits program.

Answered: 1 week ago

Question

13.2 Describe five government-mandated benefits.

Answered: 1 week ago