The NSW Government has recently legislated that a real estate agents must keep a log of any property inspection reports completed on a property. A prospective buyer can then approach the report’s authors to purchase a copy of the report for a discounted price.
Despite the benefit purchasers gain from this initiative we believe that a far more efficient means to achieve this outcome would be a mandatory requirement for a pest and building report be included as part of the contract. This is the current requirement in the A.C.T. and works very well.