For case studies 2-4, you are required to:

identify the risks

categorise and prioritise the risks

determine options for minimising the risks

identify any legislative requirements related to the situation.

Case study 2

You are conducting a property inspection at a flat in a strata title building. The tenant tells you that the lights in the stairway are not working. When you inform the landlord, she claims it is the Owners Corporation's responsibility, not hers.

Case study 3

You are approached by a vendor wishing to sell his property in a high profile suburb. After hearing the vendor's expectations, you believe that he has unrealistic expectations when it comes to the sale price. He tells you that it will be ok because he has friends who will come to the auction and make sure there is plenty of competition.

Case study 4

A vendor wishes to list her property with your agency. She is anxious to sell the property quickly as she has been offered a promotion overseas. Your nephew is a property developer and you believe it is a good solution so you invite him put in an offer for the property.