2010
Implication of the new Real Estate Agents Act
Filed under: Mortgages, Property Buying Tips
The new Real Estate Agents Act came into force in late 2009. It has been introduced to lift the professional standard of the Real Estate industry. The main changes are the establishment of a new independent oversight body – The Real Estate Agents Authority, an industry Code of Professional Conduct, and an independent complaints process.
Often you will not have the deposit available when you buy a property. This can cause some stress around unconditional date so I thought I’d outline the rules and process:- The amount of a deposit is completely negotiable. With auction it is set at 10% but you can negotiate with the Real Estate Agent before
Buying a house is an exciting and frightening thing. Exciting for all the obvious reasons but frightening because “I heard about Chris who bought a house and then found out some horrible things but could not get out of it!” Horrible things would be water tight issues, could not find finance, a drain running very
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