Access and Interpret Ethical Practice in Real Estate

CPPREP4002 - Access and interpret ethical practice in real estate (Release 1)
Assessment Questions
RTO 32426
CPPREP4002 - Access and interpret ethical practice in real estate (Release 1)

What you need to do:
Answer the questions below by writing in the space provided.
You are required to answer all questions correctly. If correct, you will see ‘competent’
written in your grades section next to the assessment name. If incorrect, you will see ‘not
yet competent’ and receive feedback in your grades section and you will be required to
resubmit your work.
What you will need:
Use the material provided in your learners guides and additional resources section as well as
research materials such as books, internet, magazines, workplace documentation etc.
Remember that the assessment is completely self-paced and open book, so you are able to
use whatever resources you have to answer the questions.
What you need to submit:
Your answers to these questions.
CPPREP4002 - Access and interpret ethical practice in real estate (Release 1)

Assessment Questions
Question 1
Complete the following table by inserting the name of at least 2 pieces of legislation
relevant to the areas listed as relevant to your state/territory and identify whether the
legislation is at the state or federal level (in brackets).
AREA NAME OF THE ACTS/REGULATIONS
REAL ESTATE AGENTS AND
LICENSING
Australian Capital Territory - Agents Act 2003 (State level)
Real Estate and Business Agents Act 1978 (WA) (State level)
Property, Stock and Business Agents Act 2002 (NSW)
PROPERTY SALES Transfer of Land Act 1958 (VIC)
Civil Law (Sale of Residential Property) Act 2003
PROPERTY MANAGEMENT
Secret Commissions Act 1905
Community Land Management Regulation 2018
PRIVACY
Privacy Act 1988
The Privacy Amendment (Enhancing Privacy Protection) Act
2012
Privacy Regulation 2013
FAIR TRADING AND CONSUMER
PROTECTION
Competition and Consumer Act 2010
NSW Fair Trading Act 1987
DISCRIMINATION
Disability Discrimination Act 1992
Age Discrimination Act 2004
WORK HEALTH AND
SAFETY/OCCUPATIONAL
HEALTH AND SAFETY
Work Health and Safety Act 2011 (Federal level)
Occupational Safety and Health Regulations 1996 (State level)
ENVIRONMENTAL
(SUSTAINABILITY) Environment Protection and Biodiversity
CPPREP4002 - Access and interpret ethical practice in real estate (Release 1)

Conservation Act 1999 (EPBC Act) (Federal level)
Protection of Environment Operations Act 1997 (NSW) (State
level)
EMPLOYMENT AND INDUSTRIAL
RELATIONS Fair Work Act 2009
Fair Work Regulations 2009
FOREIGN INVESTMENT
Foreign Acquisitions and Takeovers Act 1975
Register of Foreign Ownership of Water or Agricultural Land
Act 2015
SECRET COMMISSIONS
(ONLY 1 REQUIRED)
Crimes Act 1958
Secret Commissions Act 1905 (Federal level)
Question 2
What is the role of the Australia Competition and Consumer Commission?
The Australian Competition and Consumer Commission is a commonwealth statutory
authority which is independent and plays a role enforcing Competition and Consumer Act,
2010 along with various additional legislations, fair trading, promoting competition as well
as regulating national infrastructure in order to provide benefit to all the Australians. It
promotes honesty and competition between consumers and businesses and its main
responsibility is to make sure that businesses and individuals comply with Australian
competition, consumer protection and fair trading laws administered under Competition
and Consumer Act, 2010. Apart from this, the role of ACCC is to increase awareness
among consumers regarding their rights under act, educate and inform businesses
regarding their responsibilities when making monetary claims and investigate and take
actions against those businesses who are engaged in practices which contravene the act
(Parker, & Evans, (2018).
Question 3
Consider the relevance of consumer protection requirements and identify (2) risks for the
following
3.1 Consumer (Buyer/tenant/Seller or landlord)
3.2 Risk to the Agency
CPPREP4002 - Access and interpret ethical practice in real estate (Release 1)