Business, 10.08.2021 02:40 10040813

You work for a real estate agency in a small country town. Your office principal recently listed a small hobby farm. Your father had been looking for a country property and you thought that
this farm would be ideal for him. You persuaded him to come and inspect the property, and he
has now made an offer to buy the farm which has been accepted by the seller.

Your father lives in the city. He has no knowledge of the local marketplace and has never
purchased a rural property before.

He asks to be referred to a local solicitor but the only solicitor in town is the husband of the
agency's property manager.

Outline the 2 legal issues that are evident in this scenario (refer to Sections 55 of the
Estate Agents Act 1980)

Outline any ethical issues that you should be aware of.

Explain the actions you need to take to ensure that you are compliant with your state or

territory legislation.

State the penalties that may be imposed both on you personally, and the agency as a
business, if you fail to comply with the legislation.

Answers: 3

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You work for a real estate agency in a small country town. Your office principal recently listed a...