Assessment Task 2: Working in real estate

Instructions

You will need to research information and/or visit a local agency to assist with your responses for this task.

You should use a variety of sources to gather information including training resources, workplace policies and

procedures (if you are able to access these) and government and industry bodies.

You are required to provide information about the following points. You need written response to each

point, which can be supported by example documentation as required. Ensure material is referenced appropriately.

c) Legislative requirements

Identify the legislation in Victoria 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?

d) Ethical and professional conduct standards

Identify and name the legislation in Victoria 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.