RES420 - Fundamentals of Real Estate - Management Assignment

Assignment Task

Task Eligibility

1. We have had several enquiries regarding eligibility for a career in the Real Estate Industry. I was hoping to be able to respond to these enquiries before I went on leave, however I just ran out of time. Please draft responses to the following enquiries. Include in your answers, any relevant sections and subsections of the Real Estate Agents Act 2008 that apply?

i. I noticed you are looking for new ‘licensed’ salespeople to join your Agency. I don’t have a real estate licence yet, but I would like to become a salesperson. What criteria is needed to be entitled to apply for a salesperson’s licence?

ii. I am considering my long-term career options in Real Estate. Once I have obtained my Salesperson’s Licence, what experience and other criteria would I need to meet, before I could apply for a Branch Manager’s Licence?

iii. I am going to be studying for the next two years and won’t be needing my salesperson’s licence. However, I don’t want to cancel my licence as I plan to come back into the industry at a later stage. Is there an option to have my licence put on hold?

iv. I have been working for the past 16 months as a personal assistant for a salesperson. They no longer want to work in the real estate industry. Is it possible to have their licence transferred into my name?

v. I am keen to pursue a career in real estate, but I am worried that a previous conviction will prohibit me from getting licensed. I was convicted of a dishonesty crime 15 years ago. Do you think I will meet the licensing criteria? 

2. Identifying sections of the REA Act and Rules of the Code Read the following complaints and state the legislation that applies to the situation; you will need to name the section(s) of the Real Estate Agents Act 2008 and the rules of the Professional Conduct and Client Care Rules.

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