Assessment Task 1: CPP40307 Certificate IV in Property Services

This document provides comprehensive answers to the questions presented in Assessment Task 1 for the CPP40307 Certificate IV in Property Services (Real Estate) Agent’s Representative course. The assessment covers key aspects of the real estate industry, including the agency-principal relationship, roles of real estate agents and representatives, and licensing requirements according to the Estate Agents Act 1980 in Victoria, Australia. The document defines various roles, outlines eligibility requirements for licenses, and identifies relevant legislation related to anti-discrimination, consumer protection, environmental issues, OHS, privacy, and property management. It further explores the intention of key legislation such as the Privacy Act 1988, Equal Opportunity Act 1995, and Australian Consumer Law and Fair Trading Act 2012. Additionally, it details professional conduct standards, the concept of an ‘Authority to Act,’ and regulations related to license lending and vendor statements. The document also explains the rights and duties of landlords and tenants, including quiet enjoyment, responsibilities, and rights of entry, as well as regulations concerning locks and keys, all within the context of Victorian legislation. The document offers valuable insights for students studying real estate, providing a thorough understanding of the legal and ethical frameworks governing the industry.