Question 4

Identify and list the names of Commonwealth legislation, and legislation of your state or territory that relate to the following aspects of operating a real estate agency;

1.1. anti-discrimination and equal employment opportunity

1.2. Planning and Zoning

1.3. employment and industrial relations

1.4. consumer protection, fair trading and trade practices

1.5. foreign investment

1.6. environment and sustainability

1.7. financial services, financial probity and taxation

1.8. franchises and business structure

1.9. property management including leases and tenancy agreements

1.10. property sales and auctions

1.11. Occupational Health and Safety

1.12. privacy

1.13. property sales, leasing and management

1.14. secret commission

1.15. Real estate licencing

Question 5

Explain the legal framework in Australia relevant to real estate in NSW.

1.1 Statute law

1.2 Common law

1.3 Contract law

1.4 Equity law

Question 7

What resources are available to you to assist you in interpreting legislation? Include in your answer sources of specialist advice, source documents and government and industry bodies.

Question 9

List (3) websites where you can access information on Commonwealth and/or state legislation.

Question 10

Identify and list the names and websites of (2) bodies that provide support and guidance for estate agency personnel. 

External Sources to aid in interpretation of legislation include;

Responses will vary between states. NSW responses, for example, may include:

The Office of Fair Trading: https://www.fairtrading.nsw.gov.au/

▪ Real Estate Institute of Australia: www.reia.com.au

▪ Real Estate Institute of NSW: www.reinsw.com.au

Question 12

Outline how you could track changes and amendments to legislation to ensure you are staying up-to-date.

Question 13

Explain the role that regulators have in relation to legislation.

Question 14

What is the responsibility of real estate personnel to access, read, interpret and apply legislation to their real estate activity?

Question 15

Explain the interrelationship between various pieces of relevant legislation.