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a). should be a fit and proper person to hold the license
b). have all the prescribed qualifications.
c). has 3 years of experience in the real estate agency and it is mandatory to work within 10 years of preceding the application.
a). you must attain the age of 18 years.
b). you are not prohibited from getting the license under section 37,
c). you should be fit and proper to hold a license.
d). you must have all the prescribed qualification.
e). You must not be bankrupt and if you a bankrupt then you should get the orders of discharge then you can get the license.
a). having the age of 18 years
b). has all the prescribed education
c). does not prohibit getting the license under section 37.
d). you must be fit to hold the license.
Agency agreement is an agreement under which an authorised agent to undertake the work of real estate agency for a client in order of a transaction. A salesperson must in carrying out any agency work be properly managed and supervised by a branch manager or an agent. It is the duty of manger or agent to guide the salesperson how to deal with different types customers.
This complaint is against the salesperson that is directly proportional to manager and real estate agent. This all happens because either the manger or agent does not provide sufficient information to the salesperson. This salesperson has to give time to consumer to go through the agreement before signing it so that the consumer can understand it fully. If the salesperson does not have time then he must get someone who understands both languages, the consumer language and English language. So, this mediator can make the consumer understand about the languages and consumer can get all the details written in it thoroughly. It is mentioned in section 50 of the act that all the work of agency should be carried out under various directions and control of either the agent or the manager and they need to make sure that about the following codes:
a). Work performed by the salesperson competently.
b). the salesperson should have to keep in mind about the work complies with the needs of section 8.
These codes and rules should be carried out and care of client from the agents, salesperson and managers (collectively) is needed to meet when any of the real estate work is being carrying out any of them.
No, a big no that a license holder whether it is an agent, salesperson or manger, they cannot share their person information to the client as it is written in license that if you are using personal information in the name of the company then it may lead to cancellation of the license that the manager, agent or salesperson received from the company.
A licensee must practice skills, care, diligence and competence while working the or performing the work of real estate agency. Section 126 of the act shows that the duties of the agent while receiving the money in course of business. There are some codes that are relevant for this. These are;
1). It is entitled that no agent or salesperson can not take any money from the client by the name of the real estate company. These are some codes to receive the money by the client:
a). all the work or transaction performed under the written agency agreement and this agreement should be signed by; the client and the agent.
b). the agreement of agency complies with any requirements of anything made under section 156.
c). a copy of the agreement if agency and it is signed by the agent which is given to the client by the agent within 48 hours after signing the agreement.
2). The client can take the complaint in front of the court if the agent does not produce the slip within 48 hours of taking the money from the client. Court can take several against about the agent if he fails to submit the copy within 48 hours of work.
LIM is land information memorandum. It is a kind of summary that gives the information about the land that one is holding. It has all the potential information regarding the land such as how is the potential erosion, subsidence or slippage, is there any kind of flooding and chances of presence of hazardous substances, private and public stormwater and sewerage drains, rates, including any overdue rates.
As getting a LIM is very important if one want to buy any kind of land, but if the salesperson don’t want to give the report than there may be a risk to buy that place without reading the LIM report. One doesn’t have to concern about the expense of LIM report because it is a very important document that all should read before buying any land for any purpose.
It is the duty of agents and salesperson that they don’t use their license in order to misguide the people or buyers and it is mentioned in the license what can happened with the agents and salesperson of they try to misguide the potential buyers or any other person. For this purpose of the act 73, a licensee that can be any the agent or the salesperson can find guilty because he provides wrong information to the consumer or client. Certain code of ethics are also created by the real estate company so that all the agents or salesperson can abide the rules and laws created by the company.
Section 14 and section 15 take care of these kinds of complaints. Section 14 is about code of professional conduct and client care. In the section 14, it is written that the authority must have all the rules that contain or provide for a code of professional conduct and client care, this is a reference point for all the agents in all discipline that they have to take care or concentrate on but all the agents or salesperson need to be in limit as they are performing their duties.
Section 15 states that continuing education. These are some rules of this section;
a). all the agents and salesperson have the duty to provide the continuous education to the clients about the real estate work for various time so that all the topics that clients are facing problem can be addresses.
b). it is needed that all the continues education should be undertaken or it is needed that all the information given by the agents or salesperson to the client comply with all the requirements.
c). if the client is not interested in listening or they want top get the information on their own because client want to search the information accordingly to the house or apartment, they want to sale or buy then in this case the agents or salespersons are exempted from all the practices.
Section 25 and section 16 can apply to this situation. Section 25 is called grounds for intervention and section 26 is called power to take possession of documents. If one want to sale the house and Inform the real estate agents and real estate agents find the potential buyer of the house and the potential buyer received all the documents and made the payment and now the original owner of the house don’t want to sell it then there are some rules to take the possession of the house back but the possession can be taken back if the new house purchaser fulfils this criteria;
a). if the new buyer is mentally or physically not well and unable to maintain the house properly and unable to administer the account properly.
b). there are some reasonable that the new buyer of the house is bankrupt and cannot pay the complete instalments of the house.
c). each person has the possession of anything, some kinds of records are there to check the previous facts about the new purchaser that will he be able to pay the amount of the new house. If any thing found in his name in the previous data then there is power to take the possession back but it needs to follow some or more steps. After completing all the steps, the possession can give to the original one of the houses.
Mr Jenkins can write an application regarding the salesperson and give this application to the committee or authority. This authority is liable to take action against the salesperson who holds the license in the name of the company. It is section 74 of the act under which Mr Jenkins can make the complaint against the licensee. The authority receives the complaint under section 74 but section 75 is all about how to appoint the authority for compliant assessment. Section 79 is the correct section that will look into the matter about Mr Jenkins complain against licensee. This committee determine all the complaints. Under section 80, the committee decide what action they have to take against the complain or sometimes they also decide whether to take the action against the licensee or not. Under section 81, the authority prepares a notice against all the licensee and the person who complained about the licensee. This is the procedure that Mr Jenkins have to follow and the procedure that authority has to follow for the registered compliant. The notice also includes what the decision of the authority against the licensee and the reason behind the action taken by the authority.
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