The new “Underquoting” law comes into effect on 1 May 2017 – are you ready?

By Jason Maletic, Senior Advisor, and John Turnbull, Partner Most licensed estate agents in Victoria will be aware that Consumer Affairs Victoria (“CAV”) has been particularly busy over the last 12 months, having conducted investigations into the selling practices of over 100 estate agencies across the state. Most licensed estate agents in Victoria will also
Read more…

FIRB and “Off-the-plan” sales

By Tom Hedditch, Seasonal Clerk and John Turnbull, Partner On Monday this week, the Foreign Investment Review Board (FIRB) altered how foreign buyers will be allowed to purchase an off-the-plan property when another foreign buyer has failed to reach settlement. Prior to the introduction of the FIRB recommendations, foreign investors were restricted to only buying
Read more…

The new “Underquoting” law – the changing landscape for Victorian estate agents

By John Turnbull, Partner and Jason Maletic, Senior Advisor On Tuesday of last week the much-anticipated new “Underquoting” Bill was read for a second time in the Victorian State Parliament following its introduction earlier last month. The Bill seeks to amend the Estate Agents Act [1] by introducing several measures designed to, in the words
Read more…

Calling Estate Agency Owners: why do I need to read another article about succession?

By John Turnbull, Partner, and Jason Maletic, Senior Advisor Undoubtedly, the topic of “succession” and “succession planning” has been (no pun intended), done to death in the real estate industry. Seemingly every professional adviser, from bankers to lawyers and financial planners to accountants, has had something to say about the importance of succession planning. Most
Read more…

Real Estate Franchisors – Protecting your Intellectual Property

By Greg Thomas, Special Counsel, and Christopher Chin, Lawyer The goodwill of any Real Estate Franchise is substantially tied to the intellectual property used in the network. This typically includes trade marks for the brand, logos and slogans of the network. It is therefore no surprise that Franchise Agreements contain detailed clauses dealing with the
Read more…

Privacy Policy | Terms of Use