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2019V REA Refresher Course

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2019V REA Refresher Course

[2019V-Refresher]

Price: $ 139.95+GST

2019 REA Verified Continuing Professional Development 10 hour Refresher Course

Table of Contents

Table of Contents

Section I - Introduction to REA Continuing Education

Legislation

The Real Estate Authority (REA)

The licensing requirements

Questions 1 - 7

Applying for a licence

License Exemptions

Register of Licensees/Public Register

Voluntary suspension of a licence

Revive your licence

Change of circumstances

Continuing education

Questions 8 - 21

Displaying informationr

Section II - Overview of the Code of Conduct

Introduction

The Fair Trading Act 1986

Contract and Commercial Law Act 2017 (Part 2, subpart 3)

Questions 22 - 26

Health and Safety at Work Act 2015

Questions 27 - 31

Unit Titles Act 2010

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

Questions 32 - 36

Section III - Disclosure and misrepresentation

Introduction

Scenario 1

Disclosure

Questions 37 - 46

Misrepresentation

The Fair Trading Act 1986

Questions 47 - 53

Advertising

False representations

Scenario 2

Penalties and remedies

Disclaimers

Uninvited direct sale agreement

Unfair Contract terms

Disclosure requirements under the Unit Titles Act 2010

Questions 54 - 59

Scenario 3: Disclosure and misrepresentation regarding building weathertightness

Scenario 4

Sceanrio 5

Questions 60 - 64

Section IV - Agency agreements: Professional competence and ethics

Review: licensee responsibilities in relation to agency agreements

Questions 65 - 72

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

Questions 73 - 76

Appraisals

Questions 77 -79

Scenario 6

Question 80

Ethical responsibilities of the licensee

Question 81 - 83

Advising about double commissions

Question 84 - 86

Cancellation of agency agreements

Question 87 - 89

Ensuring the vendor or lessor is aware of licensee disclosure obligations

Question 90 - 92

Responsibilities when dealing with transactions involving unit title properties

Question 93 - 95

Section V - Understanding key concepts

The meaning of professional competence in a real estate industry context

The definition of real estate agency work and when it begins and ends

Questions 96 - 99

Standards of professional conduct when carrying out real estate agency work

The meaning of best practice in a real estate industry context

Questions 100 & 101

Individual and corporate responsibilities in terms of professional competence and ethics

Questions 102 & 103

The consequences of unethical behaviour for real estate agencies and licensees

Questions 104 - 108

Professional competence and ethics in relation to fiduciary duty and duty of care

Questions 109 - 110

Section VI - Physical property inspection

Physical property inspection

Inspection of land

Scenario 7

Questions 111 & 112

Inspection of land - continued

Scenario 8

Questions 113 & 114

Inspection of land - continued

Inspection of buildings and other structures

Scenario 9

Questions 115 & 116

Warning signals to watch out for when inspecting a building

Other improvements

Claims made in relation to damage of the property

Scenario 10

Questions 117 - 131

Section VII - SPLA Contractual Obligations

Sale and purchase agreements and lease agreements

Questions 132 - 138

Sale and purchase agreements

Scenario 11

Question 139

Lease agreements for commercial and industrial space

Questions 140 - 145

Scenario 12

Question 146

Rules that specifically apply to contractual documents

Questions 147 - 150

Who signs sale and purchase agreements and lease agreements

Question 151

Contract and Commercial Law Act 2017

Scenario 13

Question 152

Scenario 14

Question 153

Importance of getting it right and the implications of getting it wrong