Archive for March, 2018

BUYING “AS INSPECTED”

One of the most widely misunderstood elements of real estate practise is what condition should a property be in at settlement or possession.

In short, a property is sold “as inspected”. For example, if there was dust on a ceiling fan when you first inspected before contracting to buy then the fan can be dusty at settlement. The same goes for a dirty … Read the full post »

INDUSTRY AWARD CHANGES TO IMPACT

Disclaimer: These comments are the writer’s own and do not necessarily reflect the current opinions and policies of the Real Estate Institute of Western Australia.

Late last year, the Fair Work Commission (FWC) quietly decided to change the nature of how Real Estate Sales Agents were to be employed in Australia. Most folk are probably aware that – particularly in Western Australia – those … Read the full post »

PURPLE BRICKS FOUND OUT

Disclaimer: These comments are the writer’s own and do not necessarily reflect the current opinions and policies of the Real Estate Institute of Western Australia.

I have used this column before to highlight the risks to the community of using Purple Bricks and other “pseudo agent” models when dealing in real estate. Back then I claimed that Purple Bricks and groups like them … Read the full post »