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REA CPD - Key Concepts


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REA CPD - Key Concepts


Price: $ 19.95+GST

REA Verified Continuing Professional Development Elective 1 hour course on Key Concepts

Table of Contents

Table of Contents

Real Estate Continuing Professional Development 2019, Agency agreements: Professional competence and ethics, covers the following information:

Learning objectives

Review: licensee responsibilities in relation to agency agreements

Responsibilities of a professionally competent licensee when entering into an agency agreement

Who enters into an agency agreement?

Authorised persons

Multiple signatories

Capacity to sign

Signatory capacity labels

Anti-money laundering – customer due diligence


Methods of sale, or offering of property, space or business and licensee benefits

Commission and marketing or advertising

Material particulars included in the agency agreement

Ethical responsibilities of the licensee

Advising about double commissions

Standard clauses for residential and rural agency agreements

When is an agency entitled to commission under standard clauses?

Impact of changes in the standard clauses and Rules 9.10 and 9.11

Changes to the Fair Trading Act 1986 covering unfair contract terms

Cancellation of agency agreements

Cancellation of sole agency agreement by 5 pm the next working day

Cancellation of sole agency agreement for residential property after 90 days

Ensuring the vendor or lessor is aware of licensee disclosure obligations

Disclosure of defects

Responsibilities when dealing with transactions involving unit title properties

ADLS / REINZ Agreement for Sale and Purchase Ninth Edition 2012(8) - clauses


Appendix 1: Real Estate Agents Act (Professional Conduct and Client Care) Rules 2012

Appendix 2: Real Estate Agents Act 2008 - Section 126

Appendix 3: Section 11, Anti-money Laundering and Countering Financing of Terrorism Act 2009