1) As an employee of a real estate agency you have been asked by a potential seller to provide specific investment advice to buyers about how the potential capital growth of the property will increase their wealth. Are you able to do this? Explain your answer and provide 2 other topics an agent should pay particular attention to, before discussing or providing advice on.
2) This same potential seller asks your advice regarding the types of insurance he should take out if he decides to rent the property out rather than sell. REIQ does not hold an Australian Financial Services Licence nor has it been appointed in writing as a distributor.
Demonstrating effective rapport building skills how would you respond to this request?
3) Section 30 of the Competition and Consumer Act (Australian Consumer Law) makes it an offence to make false and misleading representations about certain sales and property management transactions.
One of your colleague’s asks you to review an advertisement they are putting together for a block of land they are selling. The land is listed at $590,000.They want to advertise it as “priced from $560,000” as they believe this will attract more buyers. The sellers have indicated they will not accept a price less than the list price.
What would you suggest to them about this marketing strategy, taking in to consideration section 30 of the Competition and Consumer Act? Your answer must state the specific provision of section 30 relevant to the case study information.
Call Us: USA +1 862 207 3288