In this Assignment you will become more familiar with the fiduciary duties of the real estate professional as regards clients and potential clients. You will also have the opportunity to practice creating an audio visual presentation which can be important both in the job market and as a marketing tool and a client service skill. Once you learn how to create an audio visual presentation, you can send a link to a client or to a potential employer which allows them to hear your explanation of your visual presentation.

Fiduciary duties (as part of the real estate professional duties) are an essential component in governing your actions both with your client, the clients of others, and to unrepresented third parties. In a 10-12 slide PowerPoint presentation with audio, which includes the title and references slides, describe what these duties are and what duties you owe to clients and to others involved in a real estate transaction. Use three to four bulleted points per slide and place your notes below the slide in the notes section. Include at least three references from sources outside your reading in your slide presentation.

Checklist:

In a PowerPoint presentation with audio:

Describe the fiduciary duties as a real estate professional:

• To your clients,
• clients' of others,
• and unrepresented third parties.

Submit the a) audio visual presentation link (the URL on your title page) along with your b) PowerPoint presentation (ppt. file) to the Assignment Dropbox before the end of this unit.

Note: You can use either a PowerPoint audio visual presentation (which does not require a headset, just your speakers), or you can use a TechSmith Ⓡ Jing™ with Screencast™ (Screencast™ allows you to share the link to your Jing™ presentation with the instructor).

If you decide to use the TechSmith Ⓡ Jing™ presentation, it is available as a free download from the company website, but requires a headset). See an example here of an instructor's TechSmith Ⓡ Jing™ presentation. For this option, you will create the PowerPoint presentation and then use the Jing™ download to narrate as you show viewers around your PowerPoint presentation (great for sending to potential employers). A potential employer may click on the link (created by Screencast™), and hear you narrate your PowerPoint of your resume or portfolio.

Journal

In the town of Smallville there are two real estate brokers. Broker Jones’ office is on the east side of town and broker Smith’s office is on the west side of town. Together these two brokers control all the real estate transactions in town excluding those done between private parties.

Lately, in an attempt to increase income and market share they have been having a listing war where each has been lowering their commissions to break into the others market. However, on this fine, sunny day, they find themselves on the town’s only golf course playing a round of golf. They discuss their current competition and decide that in order to increase income, instead of having a listing war; they can both increase their income by only accepting listings at 7% and only accepting listings in their current market area. They also agree to refer any listings outside their market area to the other broker. Homeowners who want to sell their houses have become upset with this arrangement and have sued the two brokers.

Assignment

MT435-3: Compare human resource management and project management principles to those of operations management. GEL-1.02: Demonstrate college-level communication through the composition of original materials in Standard English. GEL-8.03: Apply critical thinking to formulate a logical solution to a problem. Professional service organizations help professionals maintain their careers via continuous learning, provide social and business networking opportunities, promote leadership and mentorship within the field of the profession, and provide standardization for the profession. Additionally, the code of ethics for a professional service organization is a major component of what defines a profession. Human Resource Management and Project Management both have well-established professional service organizations. They are as follows: Human Resource Management Professional Service Organization Society for Human Resource Management. (2016). Retrieved from http://www.shrm.org/ Project Management Professional Service Organization Project Management Institute, Inc. (2016). Retrieved from http://www.pmi.org/ Directions In this Assignment, you will review these provided resources and compose an informative essay in a minimum of 3-full pages in which you specifically address the parts listed below. Make sure to include separate title and references pages, use standard paragraph structure, double spacing, 12-point Times New Roman font, and follow all other APA 6th edition formatting and citation guidelines. Conduct research from credible peer-reviewed sources, the Library, and your textbook to support your responses. Part 1: Compare human resource management and project principles to those of operations management as follows: ● Human Resource Management principles compared to Operations Management principles ● Project Management principles compared to Operations Management principles Unit 6 [MT435] Page 2 of 3 Part 2: Close your paper with the following observations from your research: ● The importance of professional service organizations in standardizing a profession, to include their established code of ethics ● Imagine a scenario in a real-world workplace environment that you are familiar with where you have to apply critical thinking to determine a logical solution which begins with defining a problem, analysis of related factors, designing several policy solutions for senior leader consideration for their buy-in, where you present to the company president three potential policies for their review and selection of a final recommended policy. Make sure you integrate a professional code of ethics as an aspect of your proposed policies. SCM Standard Requirements ● This Assignment should be a separate MS Word document, preferably in the most current .docx file format. ● In addition to the APA 6th edition style title page and reference page; ensure your paper covers the assigned topics, with a focus on quality. The following items provide additional guidance as to writing expectations. ● Respond to the questions in a thorough manner, providing specific examples of concepts, topics, definitions, and other elements asked for in the questions. Your paper should be highly organized, logical, and focused. ● It must be written in Standard English; demonstrating exceptional content, organization, style, grammar, and mechanics. ● Your paper should provide a clearly established sustained viewpoint and purpose. ● Your writing should be well ordered, logical, and unified; as well as original and insightful. ● Ensure your paper uses APA 6th edition format for content, with properly indented paragraphs, and a minimum of 3-full pages covering the assigned topics to appropriate depth. ● A separate page at the end of your research paper should contain a list of references, in APA 6th edition format. Use your textbook, the Library, and the internet for credible research. ● Ensure you have at a minimum three quality references supporting your work: defining words, or using dictionaries, wikis, or encyclopedias, does not count as a quality reference, or meet university standards for credible online research. ● Be sure to cite both in-text and reference list citations were appropriate and reference all sources. Your sources and content should follow proper APA citation style. Review the APA 6th edition formatting and citation style found at the Writing Resources accessed through the Academic Success Center within the Academic Tools area of the course. (It should include a cover sheet, paper is double-spaced, in Times New Roman 12-point font, correct citations, Standard English with no spelling or punctuation errors, and correct references at the bottom of the last page.)

JOURNAL

Research the following topics related to project management:

1. Gantt chart
2. Project controls
3. Project planning
4. Risk
5. WBS