2018 REAA 10 Hour Verified (2018V)

A. REAA Verified → 2018 Verified


Description

Welcome & Introduction
Topic 1 - Supervision
Topic 2 - Appraisals
Topic 3 - Knowing the parties to the contract
Topic 4 - Methamphetamine standard and disclosure obligations in situations involving affected properties
Topic 5 - Multiple Offers

Certificate Title: 2018 REAA 10 Hour Verified

Content
  • Introduction - Welcome
  • Introduction
  • Introduction continued
  • Important Note
  • The continuing education programme
  • Topics for 2018
  • Why this level of education?
  • Information sources
  • Topic 1 - Welcome - Supervision
  • Topic 1: Supervision
  • Key legislation and rules relating to supervision and management
  • Tribunal Ruling - Code of Conduct
  • Rights and responsibilities of licensed salespersons
  • The Professional Standard on Supervision
  • Scenario 1 - Breach Example
  • Topic 1 - Quiz 1
  • Differences between supervision and employment line management
  • A written supervision plan/agreement
  • A written supervision plan/agreement continued...
  • The need for actual, active and tailored supervision systems
  • The need for actual, active and tailored supervision systems continued
  • Scenario 2 - Breach Example
  • Topic 1 - Quiz 2
  • The cycle of actual, active and tailored supervision and management
  • The cycle of actual, active and tailored supervision and management
  • Monitoring
  • Advancement
  • Scenario 3 - Breached Example
  • Record keeping
  • Email Communications
  • Supervision when sale and purchase agreements are being drafted
  • What this means for salesperson licensees
  • Supervision of new and inexperienced salespersons
  • Scenario 4 - Tribunal Decision - Unsatisfactory Conduct
  • What this means for salesperson licensees
  • Scenario 5 - Unsatisfactory Conduct
  • Salespersons who work at a different location to their supervisor
  • What this means for salesperson licensees
  • Scenario 6 - Unsatisfactory Conduct
  • Number of salespersons that may be supervised by a supervisor
  • Topic 1 - Quiz 3
  • Appendix 1 - Professional Standard in Supervision
  • Topic 2 - Appraisals
  • Appraisals continued...
  • Appendices (will be at the end Topic 2)
  • Pre-inspection and the physical inspection process
  • Pre-inspections continued...
  • Rule 10.7
  • Providing an appraisal and calculating commission
  • Rule 10.6
  • Topic 2 - Scenario 1 - Unsatisfactory Conduct
  • Topic 2 - Scenario 2
  • Topic 2 - Scenario 3
  • Appraisal methodology
  • Presenting comparable information on sales
  • Other appraisal methods
  • Appraisals are subject to the review of relevant documents
  • Confirmation of appraisals
  • Explaining appraisals to clients
  • Protecting clients, licensee and agency
  • Topic 2 - Scenario 4
  • Topic 2 - Scenario 5
  • Topic 2 - Quiz 1
  • Appendix 1 - Examples of inspection processes
  • Appendix 2 - CMA Approach
  • Appendix 2 - Listings Part 1.pdf
  • Appendix 2 - Listings Part 2.pdf
  • Appendix 3 - CMA Approach.pdf
  • Appendix 3 - Income Approach.pdf
  • Appendix 3 - Replacement Cost Analysis.pdf
  • Appendix 4 - Market Appraisal - Rural
  • Appendix 4 - Market Appraisal letter
  • Appendix 4 - Appraisal - Property Details
  • Appendix 4 - Recent Comparable Sales
  • Appendix 4 - Current Properties
  • Appendix 4 - Current Market Appraisal
  • Appendix 4 - Marketing Appraisal Acknowledgement
  • Appendix 5 - Business Appraisal
  • Appendix 6 - Dairy Farm Appraisal Template
  • Appendix 6 - Dairy Farm Ariel View
  • Appendix 6 - Appraisal Template
  • Appendix 6 - Appraisal Template part 2
  • Appendix 6 - Appraisal Template
  • Appendix 6 - Appraisal Template continued...
  • Appendix 6 - Appraisal Template continued...
  • Appendix 6 - Appraisal Template continued...
  • Appendix 7 - Commercial Appraisal Example
  • Appendix 7 - Commercial Appraisal continued...
  • Appendix 8 - Recognising 'red flags'
  • Appendix 9 - Other responsibilities
  • Topic 3 - Knowing the parties to the contract
  • Topic 3: Knowing the parties to the contract
  • Topic 3 - Introduction
  • The Six Principles of Contract
  • Key rules, legislation, regulations and standard clauses
  • Key legislation, regulations and standard clauses that apply to agency agreement
  • Entities that can own/lease a property/space/business
  • Trusts (a type of joint tenancy)
  • Partnerships
  • Companies
  • Agency agreements
  • Importance of getting it right...
  • Topic 3 - Scenario 1
  • Topic 3 - Quiz 1
  • Topic 3 - Scenario 2
  • Topic 3 - Scenario 3
  • Topic 3 - Scenario 4
  • Sale and purchase/lease agreements
  • Obtaining signatures from the correct parties
  • Topic 3 - Scenario 5
  • Topic 3 - Quiz 2
  • Topic 3 - Scenario 6
  • Transactions involving a deceased estate
  • Property (Relationships) Act and property agreements
  • Topic 3 - Scenario 7
  • Topic 3 - Scenario 8
  • Topic 4 - Methamphetamine standard
  • Topic 4 - Methamphetamine standard (cont'd)
  • Methamphetamine-contaminated properties
  • How to recognise possible methamphetamine contamination
  • NZS 8510:2017
  • Remedial levels of methamphetamine
  • The methamphetamine testing process
  • What is involved with testing and decontamination
  • Obligations of licensees
  • Obligations of Licensees (cont'd)
  • Topic 4 - Scenario 1
  • Topic 4 - Scenario 2
  • Topic 4 - Scenario 3
  • Topic 4 - Scenario 4
  • Topic 4 - Scenario 5
  • Topic 4 - Scenario 6
  • Steps to follow
  • Steps to follow (cont'd)
  • Topic 4 - Quiz 1
  • Common Scenarios
  • Common Scenarios (cont'd)
  • Common Scenarios (more cont'd)
  • Topic 4 - Section of the Standard.pdf
  • Topic 5 - Multiple offers
  • Topic 5 - Multiple offers Introduction
  • When a multiple offer situation arises
  • Issues relating to multiple offer situations
  • Complaints that occur in multiple offer situations
  • The Real Estate Agents Act, the Code of Conduct
  • Other legislation of particular relevance
  • Topic 5 - Scenario 1
  • The REINZ Information Sheet – Multiple Offers
  • The importance of an agency policy covering the multiple offer process
  • Topic 5 - Scenario 2
  • Key issues that need to be covered in a multiple offer policy
  • Multiple Offer Acknowledgement Form
  • Situations where the client instructs the licensee
  • Topic 5 - Scenario 3
  • Communication
  • Topic 5 - Scenario 5
  • Record keeping
  • Topic 5 - Scenario 6
  • Dealing with multiple offers arising from tender
  • Topic 5 - Quiz 1
  • Appendix 1
  • Appendix 1 - continued
  • Appendix 1 - continued
  • Appendix 1 - Purchaser Acknowledgment
Completion rules
  • All units must be completed