In your own words, write a paragraph on each Act below and how it is relevant to your career as a real estate professional. (20-30 words for each Act) Planning and Environment Act 1987 aus
The Planning and Environment Act 1987 establishes a framework for land use planning and environmental management in Victoria, Australia. As a real estate professional, understanding this Act is crucial for navigating zoning regulations, ensuring compliance with planning permits, and advising clients on property development potential. It helps in assessing how land can be utilized, which directly impacts property values and investment opportunities.