NZ Certificate In Real Estate (Salesperson, Level 4) Practice Questions - New Zealand Certificate In Real Estate (Salesperson) (Level 4) Exam

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A salesperson is conducting an appraisal for a prospective client but is unfamiliar with commercial property values in the area. According to Rule 6 of the REA Rules 2012, what must the salesperson do?

Only undertake work that they are competent to perform, or seek assistance from a competent colleague. Proceed with the appraisal anyway, using residential market data as a proxy to avoid losing the client. Delegate the entire appraisal to an unlicensed administrator to draft, and sign it without review. Inform the client that competency rules only apply to the final sale process, not the appraisal stage.

Correct Answer:

Only undertake work that they are competent to perform, or seek assistance from a competent colleague.

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