CPPREP4002 - Access And Interpret Ethical Practice In Real Estate - Marissa Case Study - Law Assignment help

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Case study 1
Chris is the principal Licensee at City Real Estate.  He has built the agency over the last six years and he has established a strong client base and reputation within the local region. He has several experienced employed sales agents and agents holding their registration certificate working for the agency.
Bethany has been working as administration manager for City Real Estate since its inception and has worked closely with Chris to build the business.  She displays a keen interest in the real estate industry and over the years has developed an excellent working knowledge of various aspects of an agent’s role.  She has decided to undertake training to obtain her registration certificate.
Chris was recently offered a teaching position at a local TAFE.  As a result, he is spending less time in the office, sometimes not coming into the office for days in a row.  He is confident that the staff will continue to provide excellent service.  
Last week one of the agents responsible for property management resigned and Chris has asked Bethany to conduct some urgent rental property inspections and prepare the condition reports.

Case study 2

Marissa is an agent holding her registration certificate with ABC Real Estate.  Graham is looking to purchase an apartment in an inner-city suburb and has shown keen interest in a small apartment that Marissa has listed.  Graham tells Marissa that he is “looking for an apartment in a quiet area” as he works night shift and needs to sleep during the day, especially on weekends. 
Marissa is excited because this apartment has been listed for over two months and she really wants to close the sale before she goes on holiday next month.  However, she knows that the apartment block backs on to a street that has a church.  Each Sunday morning, church bells are rung, and the area can become quite noisy as people come and go.

Case study 3 

Rashid has engaged Rita to sell his property.  Rita’s brother, Marco, is looking for a house in the area and after viewing the house; she believes that the house is exactly what Marco is looking for. She rings Marco to tell him about the house.

Case study 4

You need to set the price for a property you have listed for sale by private treaty in all the marketing materials.
The owners have advised they want $ 850,000 and have signed an agency agreement to reflect this price.

Case study 5

Mr. Smith signed an agreement with agent Thomas Jones of Your Home Real Estate Pty Ltd and appointed the agency to market his home for sale at 24 Cherrytree Lane, Manly for an agreed listed price of $899,000.  
At an open home you conducted on the weekend Thomas had several groups attend and asked them to enter their personal details into the open home register which was left on the kitchen bench for prospective buyers to fill in whilst they were viewing the property.
During the open home of the property, Thomas advised three different prospective buyers “It’s listed at $899,000, but I’m pretty sure that an offer of $850,000 will be accepted, because the owner needs a quick sale.”
After following up with all the buyers on Monday morning he also advised them of another property that he had listed and invited them to attend a private inspection he scheduled for the following afternoon.

 

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