REAA - FNSCUS511- Case Study (Money Mangement Co ) v1

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School

Academy of Real Estate *

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101

Subject

Business

Date

May 9, 2024

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docx

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7

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FNSCUS511 Develop and maintain professional relationships in financial services industry Scenario 1 (Case Study) Case Study (Money Management Co) Scenario Instructions Page | 1 of 7 © Real Estate Academy Australia RTO 32436 Version 1.2 - February 2022
FNSCUS511 Develop and maintain professional relationships in financial services industry Scenario 1 (Case Study) What you need to do: Answer the questions below by writing in the space provided. You are required to answer all questions correctly. If correct, you will see ‘Satisfactory’ or if incorrect you will see ‘Not Satisfactory’ in your grades section of your learner portal next to the assessment name. The assessor will provide feedback and a Record of Results in the assessment task once graded. You will be required to resubmit your work for any ‘Not Satisfactory’ assessment tasks. What you will need: Use the learner material provided in your online student portal as well as research materials such as books, internet, magazines, workplace documentation etc. to assist you in gaining the knowledge required to answer the questions. Remember that the assessment is completely self-paced and open book, so you are able to use whatever resources you have to answer the questions. What you need to submit: Your answers to these questions. How to Submit your Assessment: Upload your completed document into the “FNSCUS511 - Case Study (Money Management Co) assessment task [1]” in your learner portal. You can drag and drop the file into the window or use the add file icon in the top left of the submission window and select the file your wish to upload by using the browse/choose file option. Click on finish attempt to submit it for grading. Page | 2 of 7 © Real Estate Academy Australia RTO 32436 Version 1.2 - February 2022
FNSCUS511 Develop and maintain professional relationships in financial services industry Scenario 1 (Case Study) Scenario 1 For a couple of years, you (a mortgage broker) have had a referral agreement with a local accounting firm – Money Management Co. However, while it was a great source of business initially, there has been no business referred or effective contact between Money Management and your broking organisation for the past six months. Question 1 You decided to revivify the relationship with Money Management to gain business and referrals from them again. To do that, you have decided to contact selected clients who would benefit and agree to be referred to a local accounting firm in hope that Money Management will reciprocally do the same to you. a) Identify at least one category of clients who would benefit from being referred to a local accountant. People who work for themselves or have small businesses can get help from a nearby accountant. They can help with things like planning taxes, making sure they are following tax rules, finding all the ways to lower taxes, and getting advice on money plans. Page | 3 of 7 © Real Estate Academy Australia RTO 32436 Version 1.2 - February 2022
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