347

JPG

School

TAFE Queensland *

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Course

MKG414

Subject

Management

Date

Nov 24, 2024

Type

JPG

Pages

1

Uploaded by DrHeatAnteater41

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A client has given you several units to lezse in the same block. The lowest priced one (5350/week) has been successfully leased but the landlord doesnt want a new signboard with the new price on it (which shows ‘units starting from S450/week...). A. What ethical and regulatory standards would you not be following if you were to do what the landlord instructs and leave the initial signboard up? If you were to follow the landlord's instructions and leave the initial signboard up, you would be violating several ethical and regulatory standards. Misrepresentation: By leaving the signboard up with the higher price, you would be misrepresenting the price of the units. This is a violation of the ethical standard of nonesty and transparency in business practices. False Advertising: Regulatory standards often include rules against false advertising. By advertising a higher starting price than what is actually available, you would be in viclation of these standards. Breach of Trust: As 2 real estate agent, you have a fiduciary duty to actin the best interests of both the landlord and potential tenants. By misleading potential tenants about the price, you would be breaching this trust.
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