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2017 REA Verified Refresher Course

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2017 REA Verified Refresher Course

[Refresher]

Price: $ 139.95+GST

For those agents who have had their licenses suspended for more than 12 months are required to do the Refresher training.

 Section A: REA Licensing Regime
 Section B: Overview of the Code of Conduct
 Section C: Disclosure and Misrepresentation
 Section D: Managing Conflicts of Interest
 Section E: Agreement for Sale and Purchase of Real Estate
 Section F: Risk Mitigation and Management

Table of Contents

Introduction
Information Sources
Section A: REA Licensing Regime
The Real Estate Agents Authority (REA)
Real Estate Salesperson
Fit and Proper Person
Quiz A1
Applying for a license
Conditions of your licence
Licence exemptions
Voluntary suspension of a licence
Licence Renewal Process
Change of Circumstances
Continuing Education Requirements
What is Verifiable/Non Verifiable Continuing Education?
What does NOT count as non-verifiable training?
Quiz A2
Temporary exemption from continuing education
Displaying information
Quiz A3
Section B: Overview of the Code of Conduct - Introduction
The Fair Trading Act
Contractual Remedies Act 1979
Damages for misrepresentation; Contractual Remedies Act 1979
Cancellation of contract; Contractual Remedies Act 1979
Quiz B1
Health and Safety Legislation
Health and Safety continued
Real Estate Agents Act (Professional Conduct & Client Care)
Real Estate Agents Act (professional Conduct & client Care) rules 2012 continued
Real Estate Agents Act (Professional & Client Care) rules 2012 continued
Quiz B2
Duties and Obligations of Agents
Agency Agreements and Contractual Documents
Quiz B3
Client and customer care for sellers’ agents
Advertising and marketing
Client and customer care for buyer’s agents
Information about complaints
Quiz B4
Section C: Disclosure and Misrepresentation
Disclosure
Inform the seller if you have a conflict of interest
Quiz C1
Misrepresentation
Real Estate Act Rules regarding misrepresentation
The Fair Trading Act 1986
Implications of the Fair Trading Act for real estate
Misleading and deceptive conduct; Fair Trading Act 2008 Section 9
Who may be misled?
Quiz C2
Advertising
Advertising continued
Photographs
When a licensee realises they were mistaken
False representations and other mislead conduct
The Location of the Land
The existence or availability of facilities
Penalties and remedies
Disclaimers
Unfair Contract terms
Disclosure requirements under the Unit Titles Act 2010
Additional disclosure
Turn-over disclosure
Quiz C3
Disclosure and misrepresentation regarding building weathertightness
Misleading and deceptive conduct
[2011] NZREADT 19
Water rights
Quiz C4
Section D: Managing Conflicts of Interest - Introduction
Simple definition of conflict of interest
Quiz D1
Are conflicts of interest a bad thing?
A licensee must inform the seller and gain their consent
Form - Company Disclosure
Form 2 Client Consent
Quiz D2
A case study in conflict of interest and non-disclosure
Case continued...
Supreme Court Judgment
NZ Herald December 2006
Section E: Agreement for Sale and Purchase of Real Estate - Intro
S&P Agreement
S&P Agreement cont...
Conditions of S&P
General Terms of Sale
Recent updates to the ADLSi / REINZ form
Bright-line and taxation information provisions
New clauses in the ADLSi/REINZ
Overseas buyers of ‘sensitive assets’
Implications of Bright-line and taxation info changes for licensees
Places where Further information can be obtained
Vendor default: late settlement or failure to give possession
Further deferral of settlement for unit titles (3.17)
Vendor’s warranties and undertakings
Unit title and cross lease provisions
Zero-rating
Schedule 2 (GST information)
Quiz E1
Section F: Risk Mitigation and Management- Introduction
Agency Law
Breach example (unsatisfactory conduct)
Quiz F1
Pre-Listing
Breach example (unsatisfactory conduct)
Quiz F2
Agency Agreements
Quiz F3
Marketing
Breach example (unsatisfactory conduct)
Breach Example (unsatisfactory conduct)
Quiz F4
Sale and purchase agreements and lease agreements
Sale and purchase agreements and lease agreements cont...
Sale & Purchase Agreements cont...
Sale & Purchase Agreements cont...
Breach example (unsatisfactory conduct)
Breach example (unsatisfactory conduct)
Quiz F5
Tender and auction
Breach example (unsatisfactory conduct)
Breach example (unsatisfactory conduct) - Complaint number: CB5699117
Quiz F6
Security of land and avoiding risk of damage
Breach example (unsatisfactory conduct) - Complaint number: CD500007
Quiz F7
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