Legislation report.docx - Legislative Reporting Project...

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Legislative Reporting ProjectPart 1-Short Legislative Title 1.2014 Real Estate Professional Law 2. 2014 Agent Financial ManagementLawPart 2-Long Title and Purpose 1. 2014 Property and Occupation Act-LawSecond Agent Financial Administrative Law 2014 that regulates the business, licenses and behavior ofreal estate and housing brokers and their employees and protects consumers from certain unwantedpractices.Main Purpose(1) The main purpose of the law is to protect consumers from financial losses indealings with agents asregulated by the Act on Agents. (2) The task basically needs to be solved by-(A) Regulate how agents set up, manage, and audit escrow accounts. When(B) Establish a claim fund to compensate a person in exceptional circumstances for financial lossesresulting from a transaction with an agent. When(C) Promote the efficiency of claim management for the claimsfund.Part 3 Components 1. Theseinclude the Main Law, the 2014 Property and Occupation Law, and the 2014 Property Appeals

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Term
Spring
Professor
N/A
Tags
Law, principal agent

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