The Ethical Considerations for Occupational Licensing in Property - Why is White Collar Crime on the Increase?

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Conference Proceeding
Proceedings of PRRES Inc., 2015
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There are various property agency laws and code of ethics which provide appropriate standards of behaviour for the property agent. The property agent is placed in a position of trust and there is a general expectancy from the consumer that the agent will act in a diligent and professional manner. However, there are many instances where consumers have lodged complaints against their dealings with real estate agents, and in recent times the consumer complaints have continued to increase. These complaints include non-disclosure of a vested interest, misrepresentation, unethical conduct and fraud. Therefore, the aim of this research is to analyse selected court cases in New South Wales, Australia, with regards to white collar crime. The purpose of the research is to obtain an understanding of the mechanisms involved in the increase for white collar crime and if any preventative measures can be implemented to lessen the impact for the consumer.
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