Assignment Task
1 Ethics in Real Estate
Generally. there is agreement across state and ternt, legislation that ethical behaviour in real estate relates mainly to the following key concepts: • Appropriately handling conflicts of interest • Accurately quoting the sale prices of properties • Accurately describing the home • Items that must be included in the authority to sell • The default period for an authority • Copies of documents to be provided to clients • Advertisecl price of a property • Handling of trust money • Acting in the best interest of the client and the principal agent. • Not disclosing confidential information you acquire while conducting estate agency business.
Task
Q– What is Codes of Ethics?
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Q-What is a Conflict of Interest?
Adhering to a Code of Ethics There are a number of strategies that you can use to ensure that you are adhering to a code of ethics at work: • Know how to access the code/codes of ethics relevant to you, make sure that you are familiar with them and stay up to date with any changes (you will find more information abo. staying up to date later in this resource). • Discuss the code of ethics in meetings, performance appraicels and team briefings. • Consider the code of ethics whenever you are planning for a new work process, project or procedure. • Make a code-of-ethics checklist for use in new projects and processes. • Seek feedback from your supervisor, colleagues and stakeholders.
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