Portfolio of rental properties-selling residential property

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You are currently working at Phantom Realty managing a small portfolio of rental properties and selling residential property. Almost all facets of your job involves working within the requirements of current legislation and ethical conduct standards to ensure the agency remains compliant and consumers are protected.

Interpreting legislation

PO Regulation section 22. Must act in accordance with client instructions.

22 Property agent to act in accordance with client's instructions

1. A property agent must act in accordance with a client's instructions unless it is contrary to this division or otherwise unlawful to do so.

1. What do you understand by this clause?

2. What problems could you have in understanding this clause?

3. What are the consequences of not understanding this clause?

4. List two sources of assistance and /or specialist advice which could help you interpreting this clause. This could include guidance materials.

Reference no: EM133212641

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