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5% or 10% deposit? (Journal November 2007)
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A prospective purchaser can’t afford to pay the full 10% deposit? What flows from an arrangement where the purchaser pays 5% deposit on exchange?
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Smoke alarms (Journal April 2006)
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REINSW Legal Counsel Tim McKibbin and Communications Manager Nicholas Campbell make some sense of the new smoke alarm regime that is making agents hot under the collar.
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Who gets paid? (Journal March 2007)
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REINSW constantly receives phone calls from distressed agents who had introduced a purchaser to a vendor and then another agency ended up getting the sale – and the commission.
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Signing agency agreements (Journal December 2006)
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Who should sign an agency agreement? In part three of a series of 'hypotheticals', Jodie Masson and Elizabeth Hurn from law firm DLA Phillips Fox discuss some of the tricky situations that can arise when trying to get an agency agreement signed.
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Agency agreements (Journal November 2006)
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Jodie Masson and Elizabeth Hurn from law firm Phillips Fox discuss the prescribed terms for agency agreements. If you miss just one of these legally required terms, you could miss out on your fee!
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On the buyers' side (Journal October 2006)
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Home buyers are increasingly recognising the advantages of engaging a professional consultant to help them find the perfect property. Journal editor Roslyn Alderton spoke to a number of buyers’ agents about the benefits their expert knowledge can provide potential purchasers.
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Agency agreements (Journal October 2006)
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One of the most common mistakes that real estate agents make is incorrectly filling out their agency agreements, following the wrong procedures to have them signed or not having an agency agreement at all. Unfortunately these mistakes can mean losing your commission, facing fines or even losing your licence.
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Auctioneers' call (Journal September 2006)
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Does an auctioneer have the power to reject a bid if they believe the bid would contravene the law? Torquil Murray from TressCox Lawyers examines a legal case where the answer was ‘yes’ and an auctioneers’ decision to reject a bid was vindicated by the Supreme Court of NSW.
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Amending a contract (Journal September 2006)
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A recent NSW Supreme Court decision has highlighted the importance of obtaining written instruction if you want to amend a contract after it has been signed. REINSW Legal Counsel Tim McKibbin examines the case and the implications it may have for real estate agents.
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Receipts (Journal June 2006)
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The question of whether agents have to print out original trust receipts has now been clarified. Agents no longer have to keep hard copies of original trust receipts, as long as you can reprint the receipt from an electronic copy. Tim McKibbin, REINSW Legal Counsel, explains.
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Land tax in Australia (Journal June 2006)
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Anyone who has ever struggled to understand their land tax bill knows just how complicated the land valuation system can be.
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The deposit (Journal April 2006)
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Tim McKibbin, REINSW Legal Counsel, examines a recent decision from the Court of Appeal regarding a crucial part of your business, the deposit in the completion of a contract.
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Employing salespersons under contract (Journal March 2006)
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Bruce Williams explores whether it can be easily done, and if it is worthwhile.
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Duty to disclose the right way (Journal March 2006)
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Torquil Murray and Melissa Younan look at the duty of disclosure that applies to real estate agents.
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