This unit of competency outlines the outcomes that must be achieved in order to successfully research and interpret law that applies to real estate transactions. It comprises finding and implementing legislative interpretation methodologies, identifying and monitoring changes to relevant real estate laws and industry codes of conduct, and maintaining proper records. Additionally, it includes identifying and tracking changes to industry norms of conduct.
People who are involved in real estate activities in states and territories that have real estate activities categorised as regulated activities may be required to complete this unit as part of their licencing requirements.
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