An agent tells an elderly owner she must sign an agency agreement tonight or lose every buyer, then phones her repeatedly after 10 pm when she hesitates. Which Schedule 1 rule is most clearly breached?
Correct Answer
C) The ban on high pressure tactics, harassment or unconscionable conduct.
Rule 5 of Schedule 1 to the Property and Stock Agents Regulation 2022 says an agent must not engage in high pressure tactics, harassment or harsh or unconscionable conduct. False urgency and repeated late-night calls to a hesitant, elderly owner are classic examples.
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An agent repeats the vendor's claim that an extension was council-approved. It was not. The agent had seen council letters questioning the approval but did not follow them up. Can the agent rely on the s 52 defence?
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An assistant agent's sister wants to buy a house that the assistant's employing agency has been retained to sell. How does s 49 of the Property and Stock Agents Act 2002 apply?