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Elective – Ethics and Professional Responsibility (1 Hour)
March 23, 2021 @ 8:00 am - March 22, 2022 @ 11:30 pm
$35.00Licence Class: Class 1, Class 2
CPD Allocation: 1 Hour
CPD Category: Elective
CPD Learning Area: Ethics and Professional Responsibility
Sponsored by:
Method of Delivery: This is a Webinar (On-Demand), available to be watched and the assessment completed at your convenience, on the SCA e-Learning Platform any time before the end of the CPD Year (23 March 2021 – 22 March 2022).
Course Format:
- Recorded Webinar
- Online Assessment
Presenters:
- David Bannerman, Bannermans Lawyers
- Olivera Ferguson, Strata Plus
Topic Overview
Maintaining a high level of ethical standards is of utmost importance. The relationship between an Owners Corporation or Association and its Strata Managing Agent is one of “principal and agent” and is clearly a fiduciary relationship. A fiduciary duty exists where a person or company is required to put another person’s interests before their own. It arises from a relationship of trust and confidence, such as the relationship between agents and their principals. With this, managing agents must ensure that they appropriately disclose any form of commission received from contractors or suppliers, and equally declare any gifts given. Where a gift or commission effects an agent’s ability to act in the best interest of their client, this becomes an issue.
This session will highlight the key responsibilities of managing agents; both legal and ethical.
Best practice guidance will be given and the various legislative requirements in this space will be explained.
Learning Outcomes
Participants will gain an understanding of:
- Their fiduciary duty to their clients
- How to practically disclose of inform clients of any commissions, gifts, or potential conflicts of interest
Assessment Delivery and Certificates
Assessments are multiple-choice. Access to assessments is provided to students on the SCA e-Learning Platform.
Upon successful completion of assessments, students will receive their Certificates via email, and can download them from the SCA e-Learning Platform at their convenience.
Education Terms and Conditions can be found in our Education Handbook.