Description
This session provides a detailed explanation about the definitions of, and the relationship between, Material Facts, Disclosure and Due Diligence.
We’ll look at Material Facts that have supporting evidence as well as a consumer’s right to determine what is material to them.
It then considers the real estate professionals’ role in conducting Due Diligence to ensure compliance with the Code of Conduct and ACL.
The session provides technical and practical detail, all of which is brought to life through a variety of case studies and scenarios.
This is a practical session with a focus on potential risks of the non-disclosure of facts that are material to a transaction.
It also looks at the critical need to conduct appropriate due diligence in order to manage risks and remain compliant.
- What makes a fact material?
- What is due diligence?
- The risks in failing to disclose material Facts
- The legislation governing material facts and diclosure
- The risks in misunderstanding a Power of Attorney document
- The need for open, honest and transparent disclosure of material facts.
This course is suitable for registered sales representatives, licensed agents and property managers looking to broaden their knowledge and is worth 2 elective CPD points.
