Describe The Agency-Principal Relationship: Agent Representative Victoria, VU, Australia

Question 1

Describe the agency-principal relationship. What are the agent’s responsibilities in this relationship?

Question 2

Define the following roles.
a) Real estate agent

b) Agent’s representative

c) Officer in effective control

Question 3

a) Which legislation describes the key licensing and eligibility requirements for agency staff in your state or territory?

b) List the eligibility requirements for an estate agent’s license and agent representative’s license in your state or territory.

c) Identify and list the legislation relating to the following:
1. anti-discrimination and equal employment opportunity

2. consumer protection and trade practices

3. environmental issues

4. OHS

5. privacy

6. property management.

d) List the legislative and industry requirements in your state or territory that regulate the ethical and standard of conduct real estate agents and real estate representatives.

e) Explain the intention of the following legislation:
1. Privacy Act 1988 (Cth)

2. Equal Opportunity Act 2010

3. Australian Consumer Law and Fair Trading Act 2012

f) List the legislation that covers property sales in your state or territory