Real Estate Sales Essay

2316 Words Nov 20th, 2012 10 Pages
Identify legal and ethical requirements of property sales to complete agency work



Please read the “Guide to completing and submitting assignments” before you begin this assignment.

What you need to do

To successfully complete this assignment you must answer the following questions to demonstrate your knowledge. The assignment will be granted a result of “Competent” if the learning outcomes are achieved or “not yet competent” if not. If a result of “Not Yet Competent” is achieved you will be given the opportunity to resubmit your assignment.

Your Task

This task is designed for you to demonstrate your understanding of legal and ethical requirements of property sales to complete agency
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In due course you receive the contract for sale from his | |
| |solicitor and are ready to commence marketing the property. List the prescribed documents you would expect to find an all | |
| |residential sales contracts and then list those additional documents that would be required for Andy’s property in order to| |
| |comply with Section 52A of the Conveyancing Act, 1919. | |
| |(Note: these documents are prescribed in the Conveyancing (Sale of Land) Regulation 2005). | |
| |The contract must contain a copy of the title documents, drainage diagram and the Zoning Certificate (s 149) issued by the | |
| |local council. Property exclusions must also be included and a statement of the buyer’s rights under the cooling-off period| |
| |must be attached. The draft contract must be available for inspection at the agent’s office. | |
| | | |

|Q. 3 |You have now commenced marketing Andy’s property for sale. In the meantime you have been working with Jason and Melinda | |
| |Cartwright, a

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