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REA CPD - Agency Agreement - Competence


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REA CPD - Agency Agreement - Competence


Price: $ 19.95+GST

REA Verified Continuing Professional Development Elective 1 hour course onAgency Agreement - Professional Competence and Ethics - 1 1/2 hour course

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