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BUSN221 Real Estate Appraisal 2

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  • Course Code: BUSN221
  • University: American Public University System
  • Country: United States

Question:

  1. Real estate agency structure and personnel
  • Identify the various business ownership options and services offered by real estate agencies.
  • Provide an outline of a typical organisational structure for a real estate agency.
  • Provide an overview of agency staff roles and responsibilities including administration, agents and agent’s representatives and management.
  • You must address legislative liabilities and responsibilities (refer to appropriate sections of the relevant Act for your state or territory).
  1. Key agencies and industry bodies

Provide a detailed overview of the following agencies (refer to your own state or territory where required), including any legislative powers they have.

  • NSW Office of fair trading
  • Civil and administrative tribunal
  • Rental Bond Board
  • Real Estate Institute of NSW (REINSW)
  1. Legislative requirements
  • Identify the legislation in your state or territory relating to regulation of the real estate industry, including property sales and management.
  • Identify and document how agencies maintain up-to-date records of legislation and industry codes.
  • How are amendments to legislation and industry codes tracked and communicated to staff?

 

  1. Ethical and professional conduct standards
  • Identify and name the legislation in your state or territory relating to ethics and professional conduct of estate agents and agent’s representatives.
  • Discuss the objective of the regulations.
  • What are the obligations contained in this legislation.
  1. Client service standards
  • Identify and outline strategies for the implementation, monitoring and review of client service standards
  1. Risk management
  • Identify and outline strategies for identifying and assessing risks.
  • Provide examples of policies and procedures for minimising and treating risks. How are these procedures monitored and reported on?
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