To win a listing on her preferred terms, an agent tells the owner that NSW law makes a 90-day exclusive period compulsory in every sale listing. It does not. What has she done?
Correct Answer
C) Breached the rule against falsely saying a term is required by the Act.
Rule 17 of Schedule 1 prohibits an agent from falsely representing the nature or effect of the Act or Regulation, or representing that a particular form or term of agency agreement is required by them. Recommending an exclusive term is fine; claiming the law demands it is not.
Why This Is the Correct Answer
Claiming the Act requires a 90-day exclusive term is a false representation that a term is legally required.
Why the Other Options Are Wrong
Background Knowledge for Ethics Compliance
Exam Tip for Ethics Compliance
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To hurry a hesitant buyer, a NSW selling agent says another party has already offered more, although no such offer exists. How do the rules of conduct treat this?
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