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REA CPD - Agency Agreement - Compliance


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REA CPD - Agency Agreement - Compliance


Price: $ 29.95+GST

REA Verified Continuing Professional Development Elective 1 1/2 hour course on Agency Agreement - Compliance

Table of Contents

Table of Contents

Real Estate Continuing Professional Development 2019, Agency agreements: Compliance requirements, covers the following information:

Learning objectives

The six principles of contract and how they apply to agency agreements

Agency agreements

    Types of agency

    Standard agency agreements

    All material particulars must be included in an agency agreement before signing

    No entitlement to commission or expenses without an agency agreement

    Agency agreement must disclose rebates, discounts, and commissions

    The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the AML/CFT Act) – customer due diligence

Agency agreements and the Rules


    Commission payable

    Marketing and advertising

    Legal advice

    Advising about double commissions

    Methods of sale and licensee benefits

Approved guide – residential property

Standard clauses: residential and rural agency agreements

    Standard clauses – residential

    Standard clauses – rural

    When is an agency entitled to commission under the standard clauses?

Cancellation of agency agreements

    Cancellation of sole agency agreement by 5 pm the next day

    Cancellation of sole agency agreement for residential property after 90 days

    Cancellation of a general agency agreement


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

    Appendix 2 – AML/CFT Act: Subpart 1 – Customer due diligence (ss 10 to 25)

    Appendix 3 – Acquisition by licensee or related person (ss 134 & 135)