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Microsoft Word - AT Agent's Rep NREL.docx ASSESSMENT TASKS CPP40307 CERTIFICATE IV IN PROPERTY SERVICES (REAL ESTATE) A G E N T ’ S R E P R E S E N T A T I V E C P P D S M XXXXXXXXXXA I d e n t i f y...

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Microsoft Word - AT Agent's Rep NREL.docx
ASSESSMENT TASKS
CPP40307
CERTIFICATE IV IN PROPERTY SERVICES
(REAL ESTATE)
A G E N T ’ S R E P R E S E N T A T I V E
C P P D S M XXXXXXXXXXA I d e n t i f y l e g a l a n d e t h i c a l r e q u i r e m e n t s o f p r o p e r t y
m a n a g e m e n t t o c o m p l e t e a g e n c y w o r k
C P P D S M XXXXXXXXXXA I d e n t i f y l e g a l a n d e t h i c a l r e q u i r e m e n t s o f p r o p e r t y
s a l e s t o c o m p l e t e a g e n c y w o r k
C P P D S XXXXXXXXXXA W o r k i n t h e r e a l e s t a t e i n d u s t r y
ASSESSMENT QUESTIONS    
Assessment Task 1: Short answer questions
Question 1
Describe    the    agency-principal    relationship.    What    are    the    agent’s    responsibilities    in    this    relationship?    
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Question 2
Define    the    following    roles.    
a) Real    estate    agent    
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) Agent’s    representative    
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c) Officer    in    effective    control    
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Question 3
a) Which    legislation    describes    the    key    licensing    and    eligibility    requirements    for    agency    staff    in    your    state    or    te
itory?        
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) List    the    eligibility    requirements    for    estate    agents    license    and    agent    representative’s    license    in    your    state    or    te
itory.    
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c) Identify    and    list    the    legislation    relating    to    the    following:    
§ anti-discrimination    and    equal    employment    opportunity    
§ consumer    protection    and    trade    practices    
§ environmental    issues    
§ OHS    
§ privacy    
§ property    management.    
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d) List    the    legislative    and    industry    requirements    in    your    state    or    te
itory    that    regulate    the    ethical    and    standard    of    conduct    
eal    estate    agents    and    real    estate    representatives.    
    
    
    
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e) Explain    the    intention    of    the    following    legislation:    
§ Privacy    Act    1988    (Cth)    
§ Equal    Opportunity    Act    1995    
§ Australian    Consumer    Law    and    Fair    Trading    Act    2012    
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f) List    the    legislation    that    covers    property    sales    in    your    state    or    te
itory.    
Commonwealth     Your    state    or    te
itory    
         
g) Discuss    the    professional    conduct    standards    that    agents    are    bound    by    in    relation    to    property    sales.    
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Question 4
What    is    an    ‘Authority    to    act’?    
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Question 5
For    the    following    questions,    you    must    refer    to    the    co
ect    section    of    the    relevant    Act    in    your    state    or    te
itory.    
a) What    is    licence    lending?    
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) What    are    the    penalties    for    licence    lending?    
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c) What    is    a    Vendor’s    Statement?    To    which    section    of    the    Act    in    your    state    or    te
itory    does    it    relate?    What    information    
does    it    contain?    
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d) Explain    the    following    rights    and    duties    of    landlords    and    tenants    as    defined    in    the    relevant    Act    in    your    state    or    te
itory.    
You    must    identify    the    relevant    section    of    the    Act    where    required.    
§ Quiet    enjoyment        
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§ What    are    the    tenant’s    responsibilities    and    duties    under    sections    59-    64    of    the    Act?    
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§ Explain    the    rights    of    entry    to    the    property.        What    are    the    obligations    for    both    the    landlord    or    their    agent    and    the    
tenant?    
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§ When    can    property    inspections    be    ca
ied    out    on    a    leased    property?    What    conditions    must    be    met    prior    to    the    
inspection?    
    
    
    
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e) Which    sections    of    the    relevant    Act    in    your    state    or    te
itory    relate    to    locks    and    keys?        Summarise    the    regulations.        
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Question 6
For    the    following    questions,    you    must    refer    to    the    co
ect    section    of    the    relevant    Act    in    your    state    or    te
itory.    
a) What    is    commission    sharing?    
) In    which    circumstances    should    commission    sharing    be    disclosed?    
a) In    which    circumstances    is    disclosure    not    required?    
    
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Question 7
a) Explain    an    agent’s    liability    for    
each    of    contract    and    negligence.    
) What    penalties    may    be    applied    under    legislation    for    
each    of    contract    or    negligence?    
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Question 8
What    legislation    must    employers    comply    with    in    regards    to    conditions    of    employment?    Think    about    Commonwealth        
legislation    and    that    of    your    state    or    te
itory.    
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Question 9
a) What    is    the    purpose    of    a    trust    fund?        
) What    are    the    main    legislative    controls    on    trust    funds?    
c) Provide    three    examples    of    monies    that    must    be    kept    in    trust.    
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Question 10
At    times    you    will    require    specialist    advice    regarding    aspects    of    your    role    and    dealing    with    clients.        List    some    of    the    people    who    
could    provide    this    advice.    
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Question 11
a) What    is    the    legislation    relating    to    consumer    protection?    Briefly    describe    the    intent    of    the    legislation.    
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) What    are    the    main    requirements    of    privacy    legislation?    
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Question 12
a) Identify    and    list    the    opportunities    available    for    continuing    professional    development.    
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) Why    is    it    necessary    to    continue    to    undertake    training?    
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Question 13
Identify    and    list    Commonwealth    legislation    and    the    legislation    of    your    state    or    te
itory    relating    to    the    areas    below.    Think    
about    property    management    and    sales    in    your    response.    
Anti-discrimination    and    equal    employment    
opportunity    
    
Consumer    protection,    fair    trading    and    trade    
practices    
    
Employment    and    industrial    relations         
Financial    management         
OHS         
Privacy         
Question 14
Identify    a    minimum    of    four    risks    that    may    impact    on    an    agency.    Outline    the    strategies    that    you    would    recommend    to    manage    
each    risk.    
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Risk         Strategies    
         
         
Question 15
a) What    is    property    management?        What    is    the    relationship    between    property    management    and    asset    management?    
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) What    are    the    roles    and    responsibilities    of    property    managers?    
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c) Explain    the    role    and    responsibilities    of    a    salesperson    in    relation    to    property    sales.            
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Question 16
a) List    legislative    and    industry    requirements    that    regulate    the    ethical    and    standard    of    conduct    real    estate    agents    and    real    
estate    representatives.    
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) Explain    the    intention    of    the    following:    
Privacy    Act    1988    (Cth)         
Equal    opportunity/anti-discrimination    
legislation    in    your    state/te
itory    
    
Consumer    law/fair    trading    legislation    in    your    
state/te
itory    
    
    
    
    
    
    
    
ASSESSMENT TASK 1
Question 17
Briefly    explain    the    roles    of    the    following    agencies    in    your    state    or    te
itory:    
§ Consumer    affairs/fair    trading    
    
    
§ Civil    and    Administrative    Tribunal        
    
    
§ Equal    opportunity/human    rights/anti-
discrimination        
    
    
§ Residential    tenancies    bond    authority/    
oard    
    
§ Small    Business    Commissioner        
    
    
    
    
    
    
    
    
    
    
    
ASSESSMENT TASK 1
Question 18
a) Explain    an    agent’s    liability    for    
each    of    contract    and    negligence.    
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) What    penalties    may    be    applied    under    legislation    for    
each    of    contract    or    negligence?    
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c) What    strategies    could    you    implement    in    the    case    of    a    dispute    between    a    tenant    and    landlord?    
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Question 19
List    the    four    types    of    leases    that    an    agent    may    be    responsible    for.    
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Question 20
a) Explain    the    meaning    of    ‘listing’.            
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) What    methods    can    you    use    to    prospect    properties    for    listings?    (Consider    both    property    management    and    sales    in    your    
esponse.)                    
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c) Before    listing    a    property    for    sale,    what    information    do    you    need    to    gather?    
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Question 21
a) Describe    the    three    types    of    leasing    and    managing    authority.    
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) What    is    the    purpose    of    a    ‘landlord’s    instruction’    form?    What    information    does    it    contain?    
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Question 22
How    are    agent’s    fees    calculated    in    regards    to    leases?    What    fees    can    an    agent    claim?    
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Question 23
a) List    the    statutory    and    agency    leasing    documents    that    are    required    throughout    a    residential    tenancy.    
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) List    the    standard    forms    and    documents    required    for    selling    a    property.            
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Question 24
Explain    the    requirements    of    a    condition    report    as    described    in    the    relevant    Act    for    your    state    or    te
itory.    What    are    the    
penalties    for    non-compliance    with    the    relevant    section?    
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Question 25
a) What    is    the    maximum    bond    payable?    Refer    to    the    specific    section    of    the    relevant    Act    for    your    state    or    te
itory    and    
explain    any    exceptions.    
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) Explain    the    process    for    receiving,    recording    and    lodging    bonds    and    security    deposits.    
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c) What    regulates    the    establishment    and    management    of    trust    funds?    
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d) What    financial    records    are    required    by    the    landlord?        
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e) Who    can    sign    a    trust    cheque    or    approve    an    EFT    for    a    trust    account?    
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Question 26
Refer    to    the    relevant    Act    in    your    state    or    te
itory    regarding    property    management    and    answer    the    following    questions.    
a) Who    is    responsible    for    maintaining    the    premises?    
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) How    should    landlords    respond    to    a    request    for    urgent    repairs?    
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c) What    is    an    urgent    repair,    as    defined    in    the    Act    for    your    state    or    te
itory?    
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Question 27
a) List    three    ways    in    which    a    lease    may    be    terminated.    
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) What    period    of    notice    must    be    given    to    the    tenant    in    the    following    situations?    
§ The    owner    intends    to    sell    the    property    with    vacant    possession    
§ The    property    was    sublet    without    the    landlord’s    consent    
§ Non-payment    of    rent    for    14    days    or    more    
§ The    landlord’s    daughter    is    moving    into    the    house.    
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c) What    is    the    process    for    serving    notices?        
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d) What    statutory    and    agency    documents    are    required    to    be    completed    to    terminate    a    tenancy    
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e) Under    what    circumstances    can    a    landlord    claim    all    or    part    of    the    bond?    
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Question 28
Explain    the    following    terms:    
a) Freehold    or    fee    simple    
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) Leasehold    
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c) Stratum    title    
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d) Strata    title    
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e) Sole    owner    
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f) Joint    tenants    
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g) Tenants    in    common    
    
    
    
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Question 29
a) What    is    a    Certificate    of    Title?        
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) What    information    does    a    Certificate    of    Title    include?    
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Question 30
a) List    the    different    types    of    methods    used    for    selling    property.    
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) What    factors    influence    the    choice    of    method    for    selling?    
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c) What    are    the    benefits    and    limitations    of    selling    by    auction    and    by    private    sale?    
Auction     Private    sale    
Benefits     Benefits    
Limitations     Limitations    
    
    
    
    
Question 31
a) What    is    an    authority    to    sell?    
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) Explain    the    following    authorities:        
    
    
    
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General    authority    
Exclusive    authority        
c) What    must    be    included    in    an    authority    to    sell?    
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Question 32
What    are    the    legislative    requirements    and    standards    in    your    state    or    te
itory    regulating    commissions    in    relation    to    sale    of    
property?    
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ASSESSMENT TASK 1
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ASSESSMENT TASK 1
Question 33
What    is    the    process    for    settling    the    sale    of    property?        You    may    refer    to    specific    agency    procedures    or    general    processes.    
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Question 34
Refer    to    the    Act    for    your    state    or    te
itory    that    covers    the    sale    of    land.    Identify    the    division    and    sections    that    relate    to    the    
processes    for    receipt,    receipt,    recording,    banking    and    release    of    deposit    moneys.            
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ASSESSMENT TASK 1
Question 35
Imagine    you    are    extremely    busy    and    do    not    have    the    time    to    do    all    your    tasks    by    the    allocated    deadlines.    Describe    how    you    
would    decide    what    tasks    to    delegate    to    others    in    your    work    team.    
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Question 36
Why    is    important    to    keep    lines    of    communication    open    with    your    manage
supervisor    at    all    times?    
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Question 37
How    would    you    role    model    a    professional,    positive    image    and    contribute    effectively    to    your    workplace?    Think    of    four    ways.        
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ASSESSMENT TASK 1
Question 38
Write    down    two    ba
iers    to    communication    that    you    think    might    happen    in    the    workplace,    or    you    have    seen    occur    in    the    
workplace.    For    each    problem,    write    down    the    cause    and    what    you    would    do    to    respond    to    the    problem.    
Communication    problem    1:    
Cause     Complaints        
How    to    respond    to    the    
problem    
    
Communication    problem    2:    
Cause         
How    to    respond    to    the    
problem    
    
    
         
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Microsoft Word - AT Agent's Rep NREL.docx
ASSESSMENT TASKS
CPP40307
CERTIFICATE IV IN PROPERTY SERVICES
(REAL ESTATE)
A G E N T ’ S R E P R E S E N T A T I V E
C P P D S M XXXXXXXXXXA I d e n t i f y l e g a l a n d e t h i c a l r e q u i r e m e n t s o f p r o p e r t y
m a n a g e m e n t t o c o m p l e t e a g e n c y w o r k
C P P D S M XXXXXXXXXXA I d e n t i f y l e g a l a n d e t h i c a l r e q u i r e m e n t s o f p r o p e r t y
s a l e s t o c o m p l e t e a g e n c y w o r k
C P P D S XXXXXXXXXXA W o r k i n t h e r e a l e s t a t e i n d u s t r y
ASSESSM
    
ENT    TASK 2    
ASSESSMENT TASK 2
Assessment Task 2: Working in real estate
What you need to do:
§ For    this    assessment    task    you    will    undertake    research    and    report    on    various    aspects    of    working    in    the    real    estate    industry.
What you will need:
§ Research    materials    such    as    books,    internet,    magazines,    workplace    documentation    etc.
§ Access    to    legislative    and    regulatory    documentation
What you need to
Answered Same Day Apr 19, 2020

Solution

Amar answered on Apr 26 2020
135 Votes
Running Header: Assessment Task 2 – CPP40307 – Certificate IV in Property Services (Real Estate)            1
Assessment Task 2 – CPP40307 – Certificate IV in Property Services (Real Estate)    8
Assessment Task 2 – CPP40307 – Certificate IV in Property Services (Real Estate)
Assessment Task 2 – CPP40307 – Certificate IV in Property Services (Real Estate)
Project 1 – Industry Report
In essence, property agents effective act for and on behalf of the clients with respect to biggest transactions for most of the people’s lives, that is, purchase or else sale concerning the residential dwellings, rural properties, commercial / business premises, etc. (Cerutti et al., 2017; Coiacetto, 2006; NSW Government, 2018a). The agents shall deal in large amounts of funds as well as be entrusted for managing the valuable forms of rental properties as well as varied strata schemes (Cerutti et al., 2017; Coiacetto, 2006; NSW Government, 2018a). In this context, it shall be in consequence significant in the manner that relevant regulatory framework concerning the industry of property services offers all of the consumers by way of adequate protection as well as encourages the professional, competent as well as ethical conduct (Cerutti et al., 2017; Coiacetto, 2006; NSW Government, 2018a). In the same instance, the overall role of significance of real estate as well as property sector with respect to NSW economy need to be adequately supported in the manner of effective regulatory regimes (Cerutti et al., 2017; Coiacetto, 2006; NSW Government, 2018a).
Any of the regulatory frameworks shall place restrictions as well as obligations with respect to overall operation concerning businesses, as well as need to balance overall needs concerning the suitably levels pertaining consumer protection by way of needs for enabling effective as well as efficient operations concerning this industry (Cerutti et al., 2017; Coiacetto, 2006; NSW Government, 2018a). The Property, Stock & Business Agents Act 2002 forms primary legislation that effectively regulates real estate as well as the property services sector in NSW (Cerutti et al., 2017; Coiacetto, 2006; NSW Government, 2018a). This Act effectively establishes overall mandatory systems of licensing with respect to service providers that include agents for real estate, agents for buyers, stock & station agents, business agents, strata as well as community level; managing agents, and on-site residential form of...
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