Course curriculum

  • 01

    REA Refresher

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  • 02

    Section I - Introduction to REA Continuing Education

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    • Legislation

    • The Real Estate Authority (REA)

    • The licensing requirements


    • Questions 1 - 7

    • Applying for a licence

    • Licence exemptions

    • Register of Licensees/Public Register

    • Voluntary suspension of a licence

    • Revive your licence

    • Change of circumstances

    • Continuing education

    • Questions 8 - 21

    • Displaying information
  • 03

    Section II - Overview of the Code of Conduct

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    • Introduction

    • The Fair Trading Act 1986

    • Contract and Commercial Law Act 2017 (Part 2, subpart 3)

    • Questions 22 - 26

    • Health and Safety at Work Act 2015

    • Questions 27 - 31

    • Unit Titles Act 2010

    • Real Estate Agents Act (Professional Conduct and Client Care) Rules 2012

    • Questions 32 - 36
  • 04

    Section III - Disclosure and misrepresentation

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    • Introduction

    • Scenario 1

    • Disclosure

    • Questions 37 - 46

    • Misrepresentation

    • The Fair Trading Act 1986

    • Questions 47 - 53

    • Advertising

    • False representations

    • Scenario 2

    • Penalties and remedies

    • Disclaimers

    • Uninvited direct sale agreement

    • Unfair Contract terms

    • Disclosure requirements under the Unit Titles Act 2010

    • Questions 54 - 59

    • Scenario 3: Disclosure and misrepresentation regarding building weathertightness

    • Scenario 4

    • Scenario 5

    • Questions 60 - 64
  • 05

    Section IV - Agency agreements: Professional competence and ethics

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    • Review: licensee responsibilities in relation to agency agreements

    • The Real Estate Agents Act (Professional Conduct and Client Care) Rules 2012

    • Questions 65 - 72

    • Responsibilities of a professionally competent licensee when entering into an agency agreement

    • Proof of Identity: identification and verification

    • Questions 73 - 76

    • Appraisals

    • Commission and marketing or advertising

    • Questions 77 - 79

    • Scenario 6

    • Question 80 - Scenario 6

    • Ethical responsibilities of the licensee

    • Questions 81 - 83

    • Advising about double commissions

    • Questions 84 - 86

    • Cancellation of agency agreements

    • Questions 87 - 89

    • Ensuring the vendor or lessor is aware of licensee disclosure obligations

    • Questions 90 - 92

    • Responsibilities when dealing with transactions involving unit title properties

    • Questions 93 - 95
  • 06

    Section V - Understanding key concepts

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    • The meaning of professional competence in a real estate industry context

    • The definition of real estate agency work and when it begins and ends

    • Questions 96 - 99

    • Standards of professional conduct when carrying out real estate agency work

    • The meaning of best practice in a real estate industry context

    • Questions 100 - 101

    • Individual and corporate responsibilities in terms of professional competence and ethics

    • Questions 102 - 103

    • The consequences of unethical behaviour for real estate agencies and licensees

    • Questions 104 - 106

    • Questions 107 - 108

    • Professional competence and ethics in relation to fiduciary duty and duty of care

    • Questions 109 - 110
  • 07

    Section VI - Physical property inspection

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    • Physical property inspection

    • Inspection of land

    • Scenario 7

    • Questions 111 - 112 - Scenario 7

    • Inspection of land - continued

    • Scenario 8

    • Questions 113 - 114 - Scenario 8

    • Inspection of land - continued

    • Inspection of buildings and other structures

    • Scenario 9

    • Questions 115 - 116 - Scenario 9

    • Warning signals to watch out for when inspecting a building

    • Other improvements

    • Claims made in relation to damage of the property

    • Scenario 10

    • Questions 117 - 131
  • 08

    Section VII - SPLA Contractual Obligations

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    • Sale and purchase agreements and lease agreements

    • Questions 132 - 138

    • Sale and purchase agreements

    • Scenario 11

    • Question 139 - Scenario 11

    • Lease agreements for commercial and industrial space

    • Questions 140 - 145

    • Scenario 12

    • Question 146 - Scenario 12

    • Rules that specifically apply to contractual documents

    • Questions 147 - 150

    • Who signs sale and purchase agreements and lease agreements

    • Questions 151

    • Contract and Commercial Law Act 2017

    • Scenario 13

    • Question 152 - Scenario 13

    • Scenario 14

    • Question 153 - Scenario 14

    • Importance of getting it right and the implications of getting it wrong