2. Using the legislation you identified in question 1, select the correct rule/rules for each of the statements/areas below. Provide an example situation and explain how it applies to ethical practice. Statement/Area Rule/s No or Act Example and explanation Example: complying with fiduciary duty and obligations 2 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 client and by faithfully and accurately accounting to the client in relation to all trust monies held. 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 truly demonstrating this knowledge in real estate activities and transactions This rule shows ethical practices by the agent. If they help their clients by sharing their knowledge in minimizing financial and reputational risks, adhering to consumer protection regulations. And dealing reasonably with ethical violations and issues of state or territory in any real estate transactions. Ex; the agent should discuss the legislation or the basic legal rules involved in real estate transactions to provide knowledge