Project: Ethical Practices and Legal Requirements in Real Estate

This project assesses a student's understanding of ethical practices and legal requirements within the real estate industry, specifically focusing on the context of Azure Beach Realty Group (ABRG) in NSW. The assessment is divided into two parts. Part 1 delves into ethical requirements, identifying unethical behaviors (such as white anting, underquoting, and fraud), and analyzing relevant legislation, including the Property and Stock Agents Act 2002 and the Competition and Consumer Act 2010. It explores the consequences of unethical conduct, the importance of ethical decision-making, and the role of various documents (office policies, incident reports) in risk management. The assessment also covers privacy and confidentiality, secure storage of client information, and strategies to address inconsistencies between agency practices and legal/ethical standards. Part 2, though not fully present in the provided text, likely involves further application of these principles and potentially a case study or scenario-based analysis of real estate prosecution and ethical breaches. The project requires students to demonstrate their ability to interpret and apply ethical guidelines and legal regulations to real-world situations, ensuring they understand the responsibilities and standards expected of real estate professionals.