From time-to-time, legislation that impacts real estate agency operation changes. Consider how you would handle

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16. From time-to-time, legislation that impacts real estate agency operation changes. Consider how you would handle changes in an agency and respond to the following:

    1. What processes would you undertake to be aware of legislation changes?
    2. Once a change to legislation is established to have impact on the real estate industry, how would you keep a track of the changes and impact?
    3. Suggest a compliance strategy to ensure an agency addresses the requirements of legislation. Discuss the following.
      1. the people involved and how the strategy will assist them and the agency
      2. elements of a good compliance strategy
    4. What records would you recommend are kept and updated to reflect legislation requirements and changes?

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