Assignment task: Preparing a property for sale
What you will need: - Research materials such as books, internet, magazines, workplace documentation etc. - Access to legislative and regulatory documentation.
When: During your own time. What you need to submit: Submit all documents, reports, forms and answers as required in the spaces provided Instructions: Complete the following activities:-
a. Legislation and ethical principles i. What is the definition of • property • residential property • fee simple ii. Name the legislation that governs the sale of property in NSW iii. List down six matters can affect the title of property and briefly explain each matter iv. What ethical principles in the Rules of Conduct or the legislation cover the disclosures that are required to be made when selling property. Name the rule number or Section number and what it covers v. Section 52 of the Property and Stock Agents Act 2002 requires agents to disclose material facts when selling property. Name where a list of what includes material facts can be found, and list what is required to be disclosed if the agent is aware of?