Real Estate Sales

2323 Words Nov 27th, 2012 10 Pages
Identify legal and ethical requirements of property sales to complete agency work

CPPDSM4008A

Assignment

Please read the “Guide to completing and submitting assignments” before you begin this assignment.

What you need to do

To successfully complete this assignment you must answer the following questions to demonstrate your knowledge. The assignment will be granted a result of “Competent” if the learning outcomes are achieved or “not yet competent” if not. If a result of “Not Yet Competent” is achieved you will be given the opportunity to resubmit your assignment.

Your Task

This task is designed for you to demonstrate your understanding of legal and ethical requirements of property sales to complete agency
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The property is burdened by both a right of way in favour | |
| |of the property next door and a drainage easement in favour of the water authority. There are no other encumbrances noted | |
| |on the title to the property. | |
| |Andy wishes to engage you as his selling agent. He wants you to advertise the property to see if there is any interest | |
| |before he incurs the expense of preparing a contract for sale. | |
| |What must you advise Andy he must do prior to promoting his property? | |
| |I have to let know Andy that he cannot have his house shown to anyone by the agent, unless there is a signed agency | |
| |agreement and a full contract for sale prepared beforehand. I have to advice Andy that he needs to include all documents | |
| |which are explaning that the property is burdened by both a right of way in favour of the property next door and a | |
| |drainage easement in favour of the water authority. | |
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