Read the statement below then answer the three (3) questions that follow.

Statement

New entrants to the real estate industry require a comprehensive knowledge of legislation and the requirements of that legislation, the penalties that result from non-compliance with the legislation, their rights and responsibilities as an employee and where to source information advice from fellow professionals and specialists.

Persons selling or managing real estate need to be registered by the Office of Fair Trading and those who wish to own and manage a real estate agency need to be licensed real estate agents.

Create five (5) Frequently Asked Questions (FAQs) dealing with the following aspects of working in the real estate profession.

FAQ no. 1 - Consumer protection legislation

Question:

Answer:

FAQ no. 2 - Agency employee rights and responsibilities

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Answer:

FAQ no. 3 - Operating agency trust accounts

Question:

Answer:

FAQ no. 4 - Agency teams and cooperative behaviour

Question:

Answer:

FAQ no. 5 - Consequences of breaching the Property Occupations Act and trust account legislation

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Answer:

(I have attached some questions already written, you can use them or create your own, i just need answers for questions. You only need to (THE BEST) choose/create one question and answer) for each

Consumer protection legislation What are the activities or acts could be treated as unethical and illegal? What actions are to consumers and to compliances? be driven to protect maintain the related Who will take responsibility and what system will be built in place towards ensuring that consumers are protected over time? Agency employee rights and responsibilities Who could be assigned as Agency Employee? What are the rights of each Agency employee? What are roles and responsibilities are to be performed by agency employees? Operating agency trust accounts What are the objectives behind operating agency trust accounts? What define trustors and trustee? What kind of problem could be solved by operating such trust accounts? Agency teams and cooperative behavior What kinds of behaviors are desired in the agency team? What about the size of agency team? What are the objectives that are to be fulfilled by agency team? Consequences of breaching the Property What consequences are expected if there are Occupations Act and trust account legislation breaches of the property occupations act and trust account legislation? How to handle the breaches and disputes? Who will arbitrate on such breach? What kind of impacts that are related to specific type of breach