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CPP40307 Certificate IV in Property Services (Real Estate) : Case Study

   

Added on  2020-04-15

22 Pages2848 Words356 Views
CPP40307 Certificate IV in Property Services(Real Estate)Learning activities workbookRisk Management

Table of ContentsIntroduction...........................................................................................................................3Activity 1 – Access and interpret legislation..............................................................4Activity 2 – Working with legislation............................................................................5Activity 3 – Industry codes and ethical practice.......................................................6Activity 4 – Communicating updates to agency staff.............................................7Activity 5 – Maintaining records.....................................................................................8Case Study.............................................................................................................................9Part 1 – Risk Management.............................................................................................11Activity 1 – Establish the context................................................................................11Activity 2 – Identify and evaluate the risk................................................................12Activity 3 – Treating the risk.........................................................................................14Activity 4 – Preparing and documenting treatment plans..................................15Part 2 Develop Teams and Individuals......................................................................16Activity 5 – Training needs.............................................................................................16Activity 6 – Individual Training and Performance Plan.........................................18Activity 7– Review Training...........................................................................................19Activity 8 – Non Training Activity.................................................................................20Activity 9 – Coaching and Mentoring..........................................................................21Learner Declaration..........................................................................................................22© REINSW Risk Management Activities Workbook v3E October 2017 eLearningPAGE 2

IntroductionThis workbook contains activities from the units of competency:CPPDSM4002A Apply knowledge of state or territory legislative and regulatory framework to complete agency workCPPDSM4009BInterpret legislation to complete agency workCPPDSM4015B Minimise agency and consumer riskBSBLED401 Develop teams and individualsThe activities contained in this workbook must be uploaded with your final assessment.These activities form part of the overall assessment of the units of competency in this course.Some of the activities may be done in class, some of the activities are a reflection of your understanding of the course content and will be done in your own time.If you have any problems answering the questions or need further clarification, then please speak with your Trainer.REINSW recognises the individual needs of each learner and will provide reasonable adjustment when required. To complete this assessment, type your answers where you see the insertion symbol.You have limited formatting options.© REINSW Risk Management Activities Workbook v3E October 2017 eLearningPAGE 3

Activity 1–Access and interpret legislationLocate the property Stock and Business Agents Act 20021.Name the Part, Division and Section that relates to:Duty not to act for both buyer and seller of landDisplay of name at registered officeConfidentiality of bidders registerMarketing statement about vendor bids when property passed inType Answer Below Duty not to act for both buyer and seller of land- Division 48Display of name at registered office- Division 29Confidentiality of bidder’s register- Division 70Marketing statement about vendor bids when property passed in- Division 76A2.Select one of the Sections above and provide a summaryType Answer BelowDivision 29, is related with the display of the name at registered office by showing legal name of the firm along with the description of the license. © REINSW Risk Management Activities Workbook v3E October 2017 eLearningPAGE 4

Activity 2 – Working with legislationLocate the Property Stock and Business AgentsRegulation20141.Name the Schedule that provides the:Terms applying to all agency agreementsTerms specific to agency agreements for sale of residential propertyTerms specific to agency agreements for management of residential or rural landTerms specific to agency agreement for the leasing of residential property or rural landType Answer Below Agency agreements-Schedule 7Sale of residential property-Schedule 12Management of residential land- Schedule 10Leasing of residential property- Schedule 82.Referring to an Exclusive Selling Agency Agreement or Exclusive Management Agreement, highlight the clauses that are specific to the schedules in the regulations.Type Answer BelowThere are various clauses in the exclusive selling agency agreements are mention as below:Property detailsNames of client and agentAgent’s registrations number© REINSW Risk Management Activities Workbook v3E October 2017 eLearningPAGE 5

Activity 3 – Industry codes and ethical practiceEthics and law differ in that ethics are social guidelines based on moral principlesand values, whilst laws are rules and regulations that have specific penalties andconsequences when breached. Ethics do not have punishments, fines or associated penalties when people fail to abide by them.Locate the REIA National Principles of Conduct (these are the fundamental principles of conduct for REI membersBased on the above explanation of how ethics differ from law:Choose one (1) of the REI Principles of Conduct that relates to law (state which Act etc)Choose one (1) of the REI Principles of Conduct that is ethical behaviour but not lawType Answer Below To act in the best interest of the clientTo act ethically, fair and honest © REINSW Risk Management Activities Workbook v3E October 2017 eLearningPAGE 6

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