Work In Real Estate Industry

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Work in the real estate industry CPPDSM4080A Edition 2 Assignment 2 (TVET) STUDENT NAME Daniel Skrzypek OTEN NUMBER N855096 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. Question 1: Describe the meaning of the term ‘Agency’ and identify the types of agency relationships that a real estate agent may enter into. Question 2: Identify two parties who might establish an agency relationship with a real estate agent outlining the purpose of the relationships 1 - 2 - Question 3: Identify three different types of agency agreements an agent may use to enter into a relationship with a principal. Question 4: Identify three main duties and responsibilities of each of the following key personnel: Licensee-in-charge: Property Manager: Salesperson: Question 5: Identify the three main forms of business ownership 1 - 2 - 3 - Question 6: Identify in which statutory documentation you would find the ‘Rules of Conduct’? Question 7: If you are employed as a real estate agent, you must hold a licence or certificate of registration. Name three (3) other roles in the property industry where you must hold a licence or certificate of registration Question 8: How old do you need to be before you can hold a Real Estate agents licence? Question 9: Under what circumstances should a receptionist hold a

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