| University | Open Polytechnic (OP) |
| Subject | BSRV4601 Fundamentals of Real Estate |
Overview
In this assessment you will play the role as an experienced real estate salesperson licensee. You will be reviewing scenarios of real-life situations, to show your understanding of legislation, rules and regulations.
Task 1: Eligibility and licensing – Sections of the Real Estate Agents Act 2008 (REA Act)
In this task you are required to read the following five scenarios and answer the questions for each scenario.
(Word count guideline: up to 50 words per scenario)
Scenario 1
Your friend Jane has seen how successful you have become as a real estate salesperson. She has called into your office to ask your advice on how she could become a licensed real estate salesperson.
a. What qualification is required?
b. What criteria will Jane need to meet to enable her to be a real estate licensee salesperson?
c. Name the section of the REA Act that applies.
Scenario 2
Kiri has been a licensee salesperson for two years. She knows that the agency owner is wanting to employ a Branch Manager in the future. She is keen to progress her career and has asked you how she could become a Branch Manager.
a. What qualification is required?
b. What additional licensing criteria will Kiri have to meet to be a Branch Manager?
Scenario 3
Joseph has started his course to become a real estate salesperson but is now concerned that he may not meet the criteria to be licensed, as he had a dishonesty conviction for fraud from 14 years ago.
a. Will Joseph meet the licensing criteria when he applies for a salesperson’s licence?
b. Explain the reason for your answer and identify the section of the REA Act that applies.
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