Legislation
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      1. VIC Real estate course
      2. Legislation

      Services Offered by Agencies


      Various Types of
      Agency Services      		 Detail services provided Licensing
      requirements      		 Clients or
      customer involved
      in service
      Residential sales List and sell land,
      homes, units, duplexes,
      apartments, etc       		 Real Estate Licence
      or Agents’
      Representative
      holder.

      Vendor

      &
      Purchaser
      Residential
      property
      management      		 Leasing and
      management of land,
      homes, units, duplexes,
      apartments, etc       		 Real Estate Licence
      or Agents’
      Representative
      holder.

      Rental Provider

      &
      Renter
      Property
      management
      business
      development      		 A Senior Property
      Manager or Business
      Development Manager
      (BDM) whose main
      focus is to grow the
      business      		 Real Estate Licence
      or Agents’
      Representative
      holder.

      Rental Provider

      &
      Renter
      Commercial/
      industrial/retail
      sales      		 List and sell
      warehouses, offices,
      factory bays,
      commercial land, shops
      in arcades or street.      		 Real Estate Licence
      or Agents’
      Representative
      holder.

      Vendor

      &
      Purchaser
      Commercial
      /industrial/retail
      property
      management      		 Leasing and
      management of
      warehouses, offices,
      factory bays,
      commercial land, shops
      in arcades or street.      		 Real Estate Licence
      or Agents’
      Representative
      holder.

      Rental Provider

      &
      Renter
      Auctioneering The Auctioneer controls
      the process to trade in
      property wherein
      potential buyers place
      competitive bids either
      in an open or closed
      format.      		 Real Estate Licence
      or Agents’
      Representative
      holder.

      Vendor

      &
      Purchaser
      Buyer’s agent A buyer's agent
      represents the buyer in
      a transaction. The
      buyer's agent has
      authority to act on
      behalf of the buyer in
      negotiating a Purchase
      and Sale Agreement
      with the seller's agent.      		 Real Estate Licence
      or Agents’
      Representative
      holder.

      Vendor

      &
      Purchaser
      Business broker Also called business
      transfer agents, or
      intermediaries, assist
      buyers and sellers of
      privately held
      businesses in the buying
      and selling process.
      They typically estimate
      the value of the
      business; advertise it for
      sale with or without
      disclosing its identity;
      handle the initial
      potential buyer
      interviews, discussions,
      and negotiations with
      prospective buyers;
      facilitate the progress of
      the due diligence
      investigation and
      generally assist with the
      business sale.       		 Business Broker’s
      Licence

      Seller

      &

      Buyer