Scenario

You have commenced working at Phantom Realty in an administration role and are working towards acquiring your registration. Phantom Realty is a real estate agency which specialises in sales and property management services to its client base. At Phantom, all staff members need to clearly understand the relationship between the agency and its clients.

1. The client-agency relationship is an arrangement in which one entity legally appoints another to act on its behalf to perform a specified service. Identify the client of the agency in each scenario

. SCENARIO CLIENT

a) You have a written authority to sell a property Buyer Agency Seller Buyer's agent

b) You have written authority to manage a property Lessor Agency Tenant Bond administrator

2. As you participate in property transactions you complete various contracts for the customers of Phantom Realty's real estate services. Identify the customers of the real estate services in each scenario.

SCENARIO CUSTOMERS

a) You have customers who sign an offer to purchase a property you have listed for sale Buyer Agency Seller Settlement agent

b) You have customers who sign a lease agreement so they can live in a property you currently manage Lessor Agency Tenant Relocation agent

3. Visit https://reia.asn.au/agents/training/a-career-in-real-estate/ to research the many job roles in the real estate industry Match the most appropriate job role for each of the responsibilities listed below.

LIST OF JOB ROLES

Commercial & industrial sales consultant

Business broker

Registered real estate property manager

Retail leasing consultant

Stock and station agent

Property management business development

Registered real estate sales representative

Commercial property manager

Agency receptionist

Buyer's agent

Real estate agency licensee

Auctioneer

a) Leases shopping centres Click or tap here to enter text.

b) Leases offices and warehouses Click or tap here to enter text.

c) Appraises, lists, markets and sells offices and warehouses Click or tap here to enter text.

d) Appraises, lists, markets and sells residential property Click or tap here to enter text.

e) Appraises, lists, markets and sells businesses Click or tap here to enter text.

f) Acts on behalf of the buyer to source and match suitable properties for purchase Click or tap here to enter text.

g) Provides administration and support services Click or tap here to enter text.

h) Agent in bona fide control of a real estate agency Click or tap here to enter text.

i) Appraises, lists, markets and leases property Click or tap here to enter text.

j) Prospects for new managements and lists properties for lease Click or tap here to enter text.

k) Manages the bidding process for property which are listed for sale via auction Click or tap here to enter text.

l) Agent who works with farmers transactions that involve livestock, wool, fertiliser, rural property and equipment and merchandise.