Recently in Victoria 160 real estate agents were fined almost $2 million for sham auctions? Will this stop agents from sham auctions? Of course not! And if you are reading this article, then either you have just come from an auction and suspect that you have been scammed, or you are a REA who is…
Not everyone who shows interest in buying a property is a legitimate buyer. In some cases, the person may be trying to take advantage of you or commit fraud. In other cases, they might just be wasting your time with no intent to buy. Purposes of Fake Property Buyers First, let’s talk about what the…
What is the Do Not Call Registry? What are the laws in Australia on this matter? The do not call register in Australia is a national service managed by the ACMA (Australian Communications and Media Authority) that allows individuals to opt out of receiving unsolicited telemarketing calls. It applies to private numbers, including mobiles, and…
Table of content How much do the top 1% of real estate agents make? What is the typical salary of a real estate agent? Real estate agency versus independent agent Timeframe for obtaining a real estate license in Australia Real estate agent commission Average real estate agent commissions in different states How to calculate estate…
Many think of real estate agents as working with individual buyers and sellers of homes, but in reality, there is a massive market for agents that assist landlords with their investment properties. A management agreement in real estate means the agent takes on a lot of the work with property management as well as finding…
Buyers often face clauses in contracts and the specific of these clauses may vary from state to state in Australia. The clauses below are not an exact description of the laws, rather an indication of potential risks and important nuances in contracts that can make an agent’s job easier. 1. Exclusion of Representations Clause Most contracts…
Table of content: When it comes to choosing a real estate agent, many people don’t know the difference between buyer’s agents and listing agents. In general, listing agents sell homes based on long-term planning and are better suited for investment properties, while buyer’s agents are those professionals who are more effective in selling a specific…
Article topics: A landlord can terminate a tenancy agreement under specific conditions, such as serious tenant breaches or the end of a fixed term. This guide addresses landlords (or head tenants) and tenants (or subtenants) in residential rental properties, encompassing various tenancy scenarios: It’s crucial to recognize that different types of tenancy may have unique…
In Australia, real estate agents are indeed allowed to sell their own homes, but this comes with several crucial considerations and responsibilities. First and foremost, the real estate agent must openly disclose their ownership of the property. Failure to do so can be deemed deceptive and misleading conduct under the Australian Consumer Law. If queried…
Property auctions are a common occurrence in Australia, but the profit of such transactions isn’t guaranteed for sellers. Mistakes in setting the reserve price, nuances of the contract, or overlooking adjacent property features can lead to unfavorable outcomes. Despite the potential pitfalls, there are fundamental steps that could have prevented these issues. The following guide…
