Case Study 1 Alfred Simons is a real estate agent with OMG Real Estate Services. He has recently been marketing one of the properties that he has listed for sale. Alfred’s exclusive agency agreement is due to expire in 1 week and as a result he feels pressured to get the property sold as his vendor has told him that he will take the property off the market if it does not sell. At the open home on the we

Question 1

Read the following case studies then examine and apply legislative requirements and ethical standards relevant to this scenario in relation to the sale of property.

Case Study 1

Alfred Simons is a real estate agent with OMG Real Estate Services. He has recently been marketing one of the properties that he has listed for sale.

Alfred’s exclusive agency agreement is due to expire in 1 week and as a result he feels pressured to get the property sold as his vendor has told him that he will take the property off the market if it does not sell.

At the open home on the weekend, Alfred had 2 buyers attend the open house. To create urgency, he has told both groups of buyers there are other buyers which are very interested in the home and he has other offers pending on the property.

Click or tap here to enter text.

Question 1

Read the following case studies then examine and apply legislative requirements and ethical standards relevant to this scenario in relation to the sale of property.

Case Study 1

Alfred Simons is a real estate agent with OMG Real Estate Services. He has recently been marketing one of the properties that he has listed for sale.

Alfred’s exclusive agency agreement is due to expire in 1 week and as a result he feels pressured to get the property sold as his vendor has told him that he will take the property off the market if it does not sell.

At the open home on the weekend, Alfred had 2 buyers attend the open house. To create urgency, he has told both groups of buyers there are other buyers which are very interested in the home and he has other offers pending on the property.

Click or tap here to enter text.

Question 1

Read the following case studies then examine and apply legislative requirements and ethical standards relevant to this scenario in relation to the sale of property.

Case Study 1

Alfred Simons is a real estate agent with OMG Real Estate Services. He has recently been marketing one of the properties that he has listed for sale.

Alfred’s exclusive agency agreement is due to expire in 1 week and as a result he feels pressured to get the property sold as his vendor has told him that he will take the property off the market if it does not sell.

At the open home on the weekend, Alfred had 2 buyers attend the open house. To create urgency, he has told both groups of buyers there are other buyers which are very interested in the home and he has other offers pending on the property.

Click or tap here to enter text.

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