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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 about the house.
(a) Which section of the Act relates to an agent purchasing property/beneficial interest?
(b) Outline the requirements for the section?
(c) Do the requirements of this section apply to Rita's situation? Explain why/why not.
(d) Are there any exemptions to the section requirements? If yes what are they?
(e) What penalties apply for breach of the section?
(f) What advice would you give Rita in relation to her actions in this matter?
Context reference CPPREP4002- Student learner guide Case Studies in Real Estate
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