Victorian Real Estate Agency Structure, Legislation and Risk Report

This report delves into the intricacies of the Victorian real estate industry, focusing on agency structures, personnel roles, and relevant legislation. It begins with an introduction to Victorian real estate, emphasizing its legal framework and scope. The main body of the report examines real estate agency structures, including business ownership options and the services offered. It defines the roles and responsibilities of various staff members, such as administration, estate agents, agent’s representatives, and management, while also referencing the legislative requirements for each role under the Planning and Environment Act 1987. The report further explores Victorian legislation related to the regulation of the real estate industry, including the Planning and Environment Act 1987 and the Estate Agents (Professional Conduct) Regulations 2018. It also discusses the roles and responsibilities of key stakeholders in the planning system, such as ministers, councils, government departments, and the community. Additionally, the report addresses strategies for identifying and assessing risks in property management and concludes with a summary of the key findings and a list of references.

Victorian Real Estate Agents
Representative

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY ..................................................................................................................................3
Demonstrate an understanding of real estate agency structure and personnel.......................3
Demonstrate understanding of the relevant Victorian legislation relating to regulation of the
real estate industry .................................................................................................................4
Define the roles and responsibilities of the Minister, councils, government departments, the
community and other stakeholders in the planning system. ..................................................5
Demonstrate adequate understanding of the legislation relating to ethics and professional
conduct of estate agents and agents’ representatives ............................................................5
Develop appropriate strategies for identifying and assessing risks. ......................................5
Strategies to address the risks you identify for property management options above. .........5
CONCLUSION ...............................................................................................................................5
REFERENCES................................................................................................................................7

INTRODUCTION
Victorian real estate is that kind of laws dealing over land and permanent improvements
which makes land and property to be secured. It covers about those property within which man
made property and natural property related over nature is based. It does not involve within it self
personal property like vehicles, boats, jewellery, furniture, and farm equipment. Victorian real
estate operates within Australia and is considered as class of "real property". Such estate covers
residential, commercial, industrial, raw land, and special use. In this investment is done in the
form of direct or indirect purchasing of property. These laws is been covered under Victorian
planning system. Scope of such laws is wider in nature as it covers about property management
within Australia. Such laws makes personal property over local residence which makes harm
done over planning activities. Further in this file things that has been covered is related to real
estate within Australia.
MAIN BODY
Demonstrate an understanding of real estate agency structure and personnel
Real estate agency is that kind of authority which has been formed in order to protect
property that is natural or man-made. Real estate agency within Australia is covered under
Victorian real estate agency that come under Planning and Environment Act 1987 . This deals
with those kinds of roles within which authority is been given to those real estate agency. Under
it proper structure which is mentioned within Victorian Planning Scheme. Under it structure that
has been explained is that parties to contract should be identified, the seek that property is
registered under their name, provide, documents related to property should be checked and
administration work should be completed. In this various kinds of plans and traditional is been
formed which is based upon digital marketing, produce advertising copy, moonlight as a
photographer. In this laws is been applied in order to make all kinds of things to be covered
within it.
Various business ownership options and services offered by real estate agencies:
The services which has been offered by real estate agency is been explained as follows:
Administration: They have most important role to play within Victorian planning. As
they make paper work done in more effective manner which is related over passing of maps and
checking measurement of area.

Estate Agents: They collect information about property and its valuation. Also agents
make every detail of property analysed with more efficiency. These agents make property
dealing done as per guidelines issued within Victorian planning.
Agent’s Representatives: There role is based upon doing analysis of property on behalf
of estate agents.
Management: Manages the work in relation of construction through making strategies
for it.
Summarise the roles and responsibilities of
The services which has been offered by real estate agency is been explained as follows:
Decision making: In this advice is been given about the agreement that has been made
between parties. Also it enhances creditable estate agency that deals with issues related over
matters related to housing (Johnson, 2017).
Tried and tested solutions: Such services include a credible estate agency that offers
solutions and options in relation to problems existing within real estate agency. Such solutions
are appropriate as they make selling and buying of property easy.
Professional services: Under its operations is been done with the help of professionalism
and corporate structure. This can be understood through example that is when you need to get in
touch with ready buyers and sellers of property, there’s no better place to look than an estate
agency.
Legislative requirements for each staff role above and refer to each relevant section of the Act.
Planning and Environment Act 1987: The acts have been dealing with Victorian
planning. Further acts cover about Victorian planning scheme which is one of the most important
factor in dealing with staff agencies by playing important role within it. Also the act covers about
role of estate agents with buying and selling of property.
Demonstrate understanding of the relevant Victorian legislation relating to regulation of the real
estate industry
Planning and Environment Act 1987: The acts have been formed in order to mark out
those provisions which has been formed in relation over Victoria Planning Provisions and
planning schemes (Martínez‐Victoria and et. al., 2018). This makes setting of process through
amending Victorian Planning Provision. Under it set process is been used for making permits
under scheme, settling of disputes, enforcing compliance through planning schemes and various

others administrative procedures. Main features are Setting of objectives with planning in
Victoria, setting of main rules and principles through planning system at work, In this setting of
planning procedure and legal instrument is included.
Define the roles and responsibilities of the Minister, councils, government departments, the
community and other stakeholders in the planning system.
Ministers play important role within planning system of Australia by amending rules
related to real estate. Also they used various kinds of methods to seek that rule and regulation
within the act is not been violated for which penalties and fine is been set by them. Then they
seek towards utilization of land laws with the amendments in order to make plan that is
applicable over usage of land. Then it deals upon detail matters through instruments which is
used to attain legality over project in relation to construction.
Demonstrate adequate understanding of the legislation relating to ethics and professional conduct
of estate agents and agents’ representatives
The Estate Agents (Professional Conduct) Regulations 2018: The act has been formed
over standard through which various agents and representatives deal upon day to day activities in
relation to client and customer willing to purchase property. Also act cover about landlords and
tenants.
Develop appropriate strategies for identifying and assessing risks.
As per the act the strategies that is used for identifying and assessing risk is related to
those activities which makes assessing of risk possible in more effective manner. The strategy
that is been used is related to Victorian planning system (Pink, Lonie and Saunders,, 2018.). In
this documents related to property required to be signed by parties and appropriate authority
which develops transparency in selling and buying process of property.
Strategies to address the risks you identify for property management options above.
For registering the property identification, analysis and implementation is to be done
which makes property management possible in more effective manner.
CONCLUSION
From the above discussion it can be concluded that Victorian real estate is party of the
planning and environment act. Further the file covers about demonstration of agency structure

and covers legislative about professional misconduct. In the end legislation relating to ethics and
professional conduct of estate agents and agents is covered.

REFERENCES
Books and Journals
Farrelly, M.A. and Tawfik, S., 2020. Engaging in disruption: A review of emerging microgrids in
Victoria, Australia. Renewable and Sustainable Energy Reviews, 117, p.109491.
Gill, B and et. al.., 2017. Economic, social and resource management factors influencing
groundwater trade: Evidence from Victoria, Australia. Journal of Hydrology, 550,
pp.253-267.
Johnson, N.C., 2017. On the colonial frontier: gender, exploration and plant‐hunting on Mount
Victoria in early 20th‐century Burma. Transactions of the Institute of British
Geographers, 42(3), pp.417-431.
Martínez‐Victoria, M and et. al., 2018. Financial behavior of cooperatives and investor‐owned
firms: An empirical analysis of the Spanish fruit and vegetable sector. Agribusiness,
34(2), pp.456-471.
Pink, M.A., Lonie, B.E. and Saunders, J.E., 2018. The challenges of the semi-professional
footballer: A case study of the management of dual career development at a Victorian
Football League (VFL) club. Psychology of Sport and Exercise, 35, pp.160-170.