This document presents a solved assessment task related to the legal and ethical requirements in the real estate industry, specifically addressing the units CPPDSM4007A and CPPDSM4008A. The assessment covers key aspects such as the agency-principal relationship, roles within the real estate sector (real estate agent, salesperson, property manager), and relevant legislation concerning licensing, anti-discrimination, consumer protection, WHS, privacy, and property management. It further explores ethical conduct standards for agents, the intention of various acts like the Privacy Act and the Australian Consumer Law, and the rights and duties of landlords and tenants. The document also addresses topics such as 'Authority to act', license lending, Vendor’s Statements, commission sharing, agent liability, employment conditions, trust funds, specialist advice, consumer protection, privacy legislation, and continuing professional development. This solved assignment offers detailed insights and answers to critical questions within the real estate legal and ethical framework.
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