REIQ Best Practice Guidelines v03.23 - Flipbook - Page 4
YOUR INDUSTRY SECTORS
EACH INDUSTRY SECTOR OF THE REAL ESTATE PROFESSION
RESIDENTIAL SALES AGENTS
PROPERTY MANAGERS
Residential Sales Agents sell residential
houses and land. They are sometimes
referred to as the listing agent and may be
appointed on a sole, exclusive or open
basis.
Property Managers are appointed by private
owners to manage properties that are rented
to the general public. Property Managers are
responsible
to
follow
their
client’s
instructions and ensure the property is
managed compliantly under the relevant
legislation.
Chapter 1 and Chapter 2 of these Guidelines
relate to Residential Sales Agents.
Chapter 1 and Chapter 4 of these Guidelines
relate to Property Managers.
AUCTIONEERS
BUYER’S AGENTS
Auctioneers are specialised real estate
professionals who are licensed to conduct
auctions in Queensland. Auctioneers are
usually engaged by a listing agent on behalf
of a seller to sell the property at auction.
Buyer’s Agents are licensed real estate
professionals appointed to act for a person or
entity to purchase a property by locating a
property, providing advice and facilitating the
transaction on behalf of the client.
Chapter 1 and Chapter 3 of these
Guidelines relate to Auctioneers.
BUSINESS BROKERS
Business Brokers are licensed property
agents that are appointed by a business
owner to sell their business. Business
Brokers are covered by the same legislation
as real estate professionals in Queensland.
Chapter 1 and Chapter 6 of these Guidelines
relate to Business Brokers.
Chapter 1 and Chapter 5 of these Guidelines
relate to Buyer’s Agents.
COMMERCIAL & INDUSTRIAL
AGENTS
Commercial & Industrial Agents are real
estate professionals that are appointed to
sell, lease and/or manage commercial
properties. This can include offices, retail
premises, industrial buildings, wharehouses
and mixed-use buildings.
Chapters 1 and Chapter 7 of these Guidelines
relate to Commercial & Industrial Sales
Agents and Property Managers.
REIQ BEST PRACTICE GUIDELINES
V08.23
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