Real Estate

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Advertising And Selling Guide ACCC

6 days ago . 35 people watched

Example: A real estate agent claims that a golf course will be developed in the area within the next year as a major selling point to the properties sold. The agent continues to make these claims despite knowing there are no plans to develop a golf course. The agent is misleading potential purchasers by suggesting there are such plans when the

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Property Spruiker Made False Or Misleading Representations

6 days ago . 59 people watched

Today the Federal Court found that We Buy Houses Pty Ltd (We Buy Houses) and its sole director, Rick Otton, made false or misleading representations in promoting a number of wealth creation strategies involving real estate, following ACCC action. We Buy Houses promoted these strategies throughout Australia via published material, seminars, boot camps and mentoring programs.

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Australian Competition & Consumer Commission ACCC

5 days ago . 54 people watched

The Australian Competition and Consumer Commission (ACCC) is an independent Commonwealth statutory authority whose role is to enforce the Competition and Consumer Act 2010 and a range of additional legislation, promoting competition, fair trading and regulating national infrastructure for the benefit of all Australians.

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Tradespeople And Homeowners Warned Of Immediate Risks From

3 days ago . 59 people watched

A bulletin has been distributed to real estate associations, authorities and agents nationwide so they can alert homeowners. Further information is available at Infinity cable recall: act now before it's too late. Data as at 31/1/2016. State. Installation period. KM supplied. KM remediated*

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Consumers' Rights & Obligations ACCC

7 days ago . 41 people watched

Consumer guarantees applying to goods. Consumer guarantees applying to services. Exceptions to the consumer guarantees. Compensation for damages & loss. Fixing something that is the manufacturer’s fault. Refunds and returns signs. Dealing with customer …

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Implementing A Compliance Program ACCC

4 days ago . 39 people watched

A compliance program is an internal system or process employed by a business that is designed to: identify and reduce the risk of breaching the Competition and Consumer Act (CCA) remedy any breach that may occur. create a culture of compliance within the organisation. Depending on the size and risk profile of the company, different components

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Entering Into A Contract ACCC

9 days ago . 30 people watched

A contract is an agreement made between two or more parties that is legally enforceable. Contracts can be written or verbal. A contract arises when one party makes an offer and the other party communicates an intention to accept it. You could be entering a contract by: signing a document. selecting a product in a shop and paying for it at the

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Monitoring Of The Australian Petroleum Industry 2012

2 days ago . 52 people watched

The regularity of price cycles and the ability to source real-time pricing data from competitors has enabled the refiner-marketers and other major retailers to understand and predict their competitors’ likely response to changes in their own behaviour.

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Property Spruiker Rick Otton And We Buy Houses Fined

8 days ago . 53 people watched

The Federal Court has imposed record penalties totalling $18 million against We Buy Houses Pty Ltd (We Buy Houses) and its sole director, Rick Otton, for making false or misleading representations about how people could create wealth through buying and selling real estate, following ACCC action. The penalties of $12 million imposed against We Buy Houses, and $6 million imposed

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Real Estate Institute Of Western Australia (REIWA) ACCC

6 days ago . 56 people watched

Real Estate Institute of WA lodgement pt 3 of 4 ( PDF 543.57 KB) Real Estate Institute of WA lodgement pt 4 of 4 ( PDF 617.62 KB) Show all documents (1 more) Decisions. Document title Date ; Final Determination - pt 1 of 2 ( PDF 565.13 KB) 21 Dec 2001: Final Determination - pt 2 of 2 ( PDF 531.17 KB) 21 Dec 2001: Share

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Advertising And Selling Guide

1 days ago . 29 people watched

Real case study: The Federal Court found that a car manufacturer made false or misleading claims in advertisements for one of its vehicles. The manufacturer represented that the vehicle had seven seats as a standard feature when in fact five seats was the standard configuration.

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'Underground' Property Scams Will Be Pursued: ACCC ACCC

5 days ago . 56 people watched

The Australian Competition and Consumer Commission will continue to pursue misleading property scams regardless of the methods used to entice potential investors, ACCC Chairman, Mr Graeme Samuel, has warned in a speech to the Real Estate Institute of Victoria. He was responding to claims that property seminars which made misleading promises about quick wealth had gone 'underground'.

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RßmiltrñrttA¡rtrl¡. Fax

8 days ago . 43 people watched

The Real Estate lnstitute of Australia 16 Thesiger Court I PO Box 234, Deakin ACT 2600 Phone 0262824277 I Fax 0262852M4 rßmiltrñrttA¡rtrl¡. I [email protected] 12 January 2012 Mr David Hatfield A/g General Manager Adjudication Branch Australian Competition & Consumer Commission GPO Box 3131 CANBERRA ACT 2601 Contact Officer: Hannah Ransom Ha n na h. ra …

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Court Declares REIWA Rules Anti-competitive ACCC

1 days ago . 49 people watched

The Australian Competition and Consumer Commission has obtained declarations and injunctions in the Federal Court, Perth, in its proceedings against the Real Estate Institute of Western Australia and its Executive Director, Mr Michael Griffith. After considering joint submissions from the ACCC, REIWA and Mr Griffith, the Court declared in consent orders that REIWA had breached the anti

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Rental Scams Targeting More Australians During Pandemic

3 days ago . 55 people watched

The scammer will post advertisements on real estate or classified websites or target people who have posted on social media that they are looking for a room. After the victim responds, the scammer will request an upfront deposit to secure the property or phish for personal information through a ‘tenant application form’, promising to

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Real Estate Agent Under The Hammer ACCC

2 days ago . 40 people watched

Real estate agent under the hammer. 26 June 1998. The Australian Competition and Consumer Commission has brought to the attention of N G Farah Real Estate Pty Limited that certain conduct of its manager, Mr Glenn Farah, and other sales persons was at serious risk of breaching the Trade Practices Act 1974. During the filming of the program, The

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Real Estate Institute Of New South Wales

5 days ago . 40 people watched

The Real Estate Institute of New South Wales (REINSW) proposes to provide qualifying individual REINSW Members with annual accreditation as an Accredited Property Specialist (Accreditation Services). Real estate training courses (Training Services) are provided by REINSW approved Registered Training Organisations (RTOs) or REINSW approved trainers (Approved Trainers).

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Unfair Business Practices ACCC

4 days ago . 31 people watched

Unfair business practices. There are a number of sales practices that are illegal for businesses to engage in when dealing with their customers. Referral selling. Pyramid schemes. Unfair contract terms. Unconscionable conduct. Accepting payment without intending to supply. Know what’s unfair.

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Gary Peer & Associates Found To Have Misled Buyers ACCC

6 days ago . 60 people watched

Real estate agents Australia-wide have been warned not to mislead prospective buyers over price projections following a Federal Court decision today. Justice Sundberg has found that Gary Peer & Associates Pty Ltd had engaged in misleading conduct in the way it advertised a property at 341 Glen Eira Road, Caulfield, Victoria in 2003. The company advertised the property with the

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Real Estate Institute Of Australia

9 days ago . 34 people watched

conjunctional agreements between real estate agents provides consumers with a more effective and efficient way of buying and selling real estate through multiple agencies. This dual system of exclusivity and cooperation provides clear benefits for participating agents, vendors and …

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Avoiding Unfair Business Practices

2 days ago . 34 people watched

> A real estate agency was selling apartments with a view of the sea. The agency assured prospective buyers that the view was protected because the land between the apartment block and the sea was zoned for low-rise development. This was based on information provided by a council officer. However, the council officer’s information was wrong.

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Anti-competitive Behaviour ACCC

9 days ago . 32 people watched

Anti-competitive conduct. Section 45 of the Competition and Consumer Act prohibits contracts, arrangements, understandings or concerted practices that have the purpose, effect or likely effect of substantially lessening competition in a market, even if that conduct does not meet the stricter definitions of other anti-competitive conduct such as

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Unsolicited Consumer Agreements ACCC

3 days ago . 37 people watched

Unsolicited consumer agreements. This type of agreement occurs when: it results from negotiations by phone or at a location other than the seller’s place of business, and. a seller, or their sales agent, approaches or calls you uninvited, and. the total value is more than $100 (or cannot be determined when the agreement is made).

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Health, Home & Travel ACCC

2 days ago . 31 people watched

Real estate. Whether you are renting, buying or selling a home, real estate agents must not mislead you and must use fair contract terms in line with federal, state and territory laws. Retirement homes. There are several types of retirement homes available under different purchase and fee paying arrangements. Before making a choice, consider

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1 days ago . 34 people watched

For example, real estate agents in some States and Territories abide by fee scales which have been laid down by Governments. The inability of the individual agents to determine his or her own fees imposes an obvious limitation on the way in which agents might compete in the market. However, when fees, or a scale of fees, are set by a government

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Address To The Real Estate Institute Of Victoria

3 days ago . 48 people watched

Real Estate Institute of Victoria Melbourne 25 March 2004 Graeme Samuel, Chairman Purchasing a home is the single biggest financial commitment most Australians will make in their lifetime. With the average home now approaching $400,000 in Melbourne - and close to half a

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9 days ago . 36 people watched

estate or business agents are required, by law, to be licensed. The Real Estate and Business Agents Supervisory Board (REBA) administers the Western Australian real estate licensing and regulatory systems. 2.11 REBA is a statutory authority which is established in accordance with the Real Estate

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Real Estate And Business Agents Act 1978

9 days ago . 40 people watched

The Real Estate & Business Agents Supervisory Board (REBA) is the independent statutory authority established under the Real Estate and Business Agents Act 1978 (the Act) to regulate people who conduct real estate transactions and certain business transactions within Western Australia. REBA administers the Act, its

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Unconscionable Conduct ACCC

2 days ago . 28 people watched

Unconscionable conduct. Unconscionable conduct is generally understood to mean conduct which is so harsh that it goes against good conscience. Under the Australian Consumer Law, businesses must not engage in unconscionable conduct, when dealing with other businesses or their customers. Understanding what unconscionable conduct means.

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Wentworth Courier FINAL NOTICE 29 5 08

9 days ago . 38 people watched

Real estate agents are prevented from recommending or inducing a vendor to place any real estate display advertising in any another publication. ACCC assessment The 75 per cent requirement within the Advertising Contracts is more restrictive than a volume discount. That is, the notified conduct requires real estate agents to agree to place a

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ACCC Acts On Alleged False Or Misleading Juice

Just Now . 47 people watched

Supabarn Supermarkets Pty Ltd (Supabarn) and The Real Juice Company Pty Ltd (The Real Juice Company) have each paid penalties totalling $20,400, following the issue of two infringement notices to each company by the Australian Competition and Consumer Commission in relation to representations made about two juice products from the private label range of juices manufactured by The Real

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ACCC Action Against Canberra Real Estate Agent For Alleged

5 days ago . 59 people watched

The Australian Competition and Consumer Commission has instituted legal proceedings in the Federal Court, Canberra against Metropolis Real Estate Pty Ltd alleging that it made false, misleading and deceptive representations to a client regarding the fee for acting as the agent on a property sale. The ACCC has also taken action against Mr Storm Brearley, the principal of

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Examples For Warranties Against Defects ACCC

5 days ago . 45 people watched

Example for information that must be included. A consumer purchases an air conditioning unit and has it installed in their home. The unit was sold with a written warranty that the manufacturer would replace the unit if anything went wrong within the first two years of purchase. This is a document evidencing a warranty against defects.

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8 days ago . 31 people watched

Estate Agents Co-operative Limited (EAC) is the largest real estate Co-operative in Australia and, like the Real Estate Institute ofNew South Wales (REINSW), supplies membership services to property professionals in NSW. Whilst EAC agrees with the concept of encouraging real estate

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ACCC Warns Service Sector To Include GST In Advertised

9 days ago . 55 people watched

"Advertised prices for goods and services to the public should include the Goods and Services Tax", ACCC Chairman, Professor Allan Fels, warned today. "Advertisers who fail to comply may find themselves in court. "The ACCC GST Price Line [1300 302 502] continues to receive complaints about businesses not including GST in advertised prices. The services sector has a

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About real estate

a real estate agent misinforms you about the characteristics of a property by advertising 'beachfront lots' that are not on the beach; a jewellery store advertises that a watch 'was' $200 and is 'now' $100 when the store never sold the watch for $200


Total: 36 New Post


Is real estate a good investment right now?

Real estate is generally a great investment option. It can generate ongoing passive income and can be a good long-term investment if the value increases over time.

How much can you make in real estate?

Real estate is often a referral-based business. Those who are involved in the business longer typically are the most successful. Those with 16 years or more experience earned the highest real estate income: approximately $78,850 on average.

What is the best real estate market?

Dallas tops the list of real-estate markets over the period studied, exhibiting strong price appreciation, while remaining a market in which investors saw strong rents relative to property values.

What is the most expensive real estate in the US?

Manhattan real estate is the most expensive in the US per square foot with some properties topping $10,000: Study. Move over San Francisco — the Big Apple tops Silicon Valley as most expensive place to live in the United States, a new study shows.

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