Regulatory Theory and Protection of the Principal: White Collar Crime Fraud in Occupational Licensing for Property Agents

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dc.contributor.author Antoniades, H
dc.contributor.editor Eves, C
dc.date.accessioned 2012-10-12T03:36:48Z
dc.date.issued 2011-01
dc.identifier.citation Proceedings from the PRRES Conference, 2011, pp. 1 - 17
dc.identifier.other E1 en_US
dc.identifier.uri http://hdl.handle.net/10453/19341
dc.description.abstract Documented increases in trust accounting fraud indicate that there is a clear need to enhance consumer protection in the property industry. During the last 100 years, regulatory policy has been developed to exemplify the standards for social responsibility and ethical behaviour between property agents and their principal. Regulatory theory argues over the necessity for regulation. The Positive theories of regulation examine the reason and need for regulation, whilst the Normative theories of regulation will generally include transparency, predictability and credibility for the regulatory system. With regards to property agents and their principal, the government is also interested in overcoming information asymmetries. The research methodology in this paper utilises regulatory theory concepts to research and identify the problematic areas relating to trust accounting fraud. The suggestion of a correlation between occupational licensing requirements and an increase in the number of licenses issued, and also changes within the educational requirements for occupational licenses was considered using data from New South Wales property agency licensing. The research findings indicated some correlation with the increase of new licence and certificate applications, and trust accounting fraud. However, because of limiting data available ongoing research into this problematic area is required before rendering definite conclusions.
dc.format Scott McWhirter
dc.publisher Pacific Rim Real Estate Society (PRRES)
dc.title Regulatory Theory and Protection of the Principal: White Collar Crime Fraud in Occupational Licensing for Property Agents
dc.type Conference Proceeding
dc.parent Proceedings from the PRRES Conference
dc.journal.number en_US
dc.publocation Gold Coast, Australia en_US
dc.identifier.startpage 1 en_US
dc.identifier.endpage 17 en_US
dc.cauo.name DAB.School of Built Environment en_US
dc.conference Verified OK en_US
dc.conference Annual Pacific Rim Real Estate Society Conference
dc.for 1202 Building
dc.personcode 990919
dc.percentage 100 en_US
dc.classification.name Building en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom Annual Pacific Rim Real Estate Society Conference en_US
dc.date.activity 20110116 en_US
dc.date.activity 2011-01-16
dc.location.activity Gold Coast, Australia en_US
dc.description.keywords Trust Accounting; fraud; property regulatory theory. en_US
dc.description.keywords demolition
dc.description.keywords waste management
dc.description.keywords timber
dc.description.keywords decision making.
dc.description.keywords Trust Accounting
dc.description.keywords fraud
dc.description.keywords property regulatory theory.
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group /University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status Open Access
utslib.copyright.date 2015-04-15 12:23:47.074767+10
utslib.collection.history General (ID: 2)


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