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NSW Fair Trading law crackdown

NSW Fair Trading are targeting real estate agents who are not keeping a written record of their price conversations.

25/05/2018

25/05/2018 12:00:00 AM26/06/2020 9:33:56 PM

REINSW Submission on combustible cladding

REINSW has welcomed the proposed reform to address the safety risks posed by combustible cladding.

21/03/2018

21/03/2018 12:00:00 AM5/08/2020 9:15:18 AM

Agent safety obligations unfair and dangerous

REINSW CEO Tim McKibbin has labelled fire safety obligations imposed on real estate agents as dangerous and unfair.

12/03/2018

12/03/2018 12:00:00 AM5/08/2020 9:14:38 AM

Stronger fire safety steps needed

NSW residents asked to focus on number, location and interconnection of smoke alarms.

07/02/2018

7/02/2018 12:00:00 AM26/06/2020 9:51:40 PM
5/02/2018 12:00:00 AM26/06/2020 9:14:48 PM

25% of homes have no working smoke alarms

Research by Fire & Rescue NSW revealed that 25% of NSW residents don't have working smoke alarms

29/01/2018

29/01/2018 12:00:00 AM26/06/2020 8:47:19 PM

Buyers' agent case appeal allowed

NSW Court of Appeal overturned a Supreme Court decision which found a buyers’ agent had breached the Australian Consumer Law.

22/01/2018

22/01/2018 12:00:00 AM26/06/2020 8:45:42 PM
12/01/2018 12:00:00 AM26/06/2020 8:56:51 PM
20/12/2017 12:00:00 AM26/06/2020 9:53:07 PM

Strata bond defects to begin 1 January 2018

Developers of strata buildings will be required to lodge a bond with NSW Fair Trading from 1 January 2018.

12/12/2017

12/12/2017 12:00:00 AM26/06/2020 8:29:22 PM
6/12/2017 12:00:00 AM26/06/2020 8:53:11 PM
5/12/2017 12:00:00 AM26/06/2020 9:00:37 PM
17/10/2017 12:00:00 AM26/06/2020 9:18:46 PM
11/09/2017 12:00:00 AM26/06/2020 9:35:24 PM
31/08/2017 12:00:00 AM26/06/2020 8:48:03 PM
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On alert! Cyber-crime on the rise

Social engineering fraud has increased in frequency and severity in recent years. Fraudsters have become especially sophisticated when targeting unsuspecting victims and the financial consequences of these crimes can be devastating.

25/02/2021

25/02/2021 12:00:00 AM25/02/2021 9:33:46 AM

Slow and steady: The commercial market to run its own race in 2021

It’s easy to see how COVID-19 has negatively impacted the commercial real estate space, but new data shows CBD workers are slowly, but surely, making their way back into the office.

24/02/2021

24/02/2021 12:00:00 AM24/02/2021 9:37:17 AM

Pre-meeting electronic voting for elections

Clause 14 of the Strata Schemes Management Regulation 2016 (NSW) should be amended to make it clear that pre-meeting electronic voting does not extend to elections.

23/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

23/02/2021 12:00:00 AM23/02/2021 9:20:22 AM

Combustible cladding: interest-free loans to speed up removal from NSW apartment buildings

Interest-free 10-year loans have been welcomed to fast-track the removal of high-risk combustible cladding from apartment buildings across NSW.

22/02/2021

22/02/2021 12:00:00 AM23/02/2021 2:42:02 PM

Quorum

The provisions regarding the quorum at a meeting need to be redrafted, so that it is clear, particularly in the case of small strata schemes, what happens if there’s not a quorum.

19/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

19/02/2021 12:00:00 AM19/02/2021 9:08:35 AM

How agents can help vendors

Not every `Sold’ sticker placed on a real estate signboard is accompanied by a smiling vendor jumping for joy. Divorce, debt and death are among the most challenging reasons for selling property and often super charged with emotion.

18/02/2021

18/02/2021 12:00:00 AM18/02/2021 10:04:20 AM

Items requiring statutory warranty

Further guidance needs to be provided regarding the need to include an item on the Annual General Meeting agenda to consider building defects and rectification where warranty periods under the Home Building Act 1989 (NSW) apply.

17/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

17/02/2021 12:00:00 AM19/02/2021 9:25:20 AM

Take charge of compliance

The 1 April 2021 implementation deadline for the Supervision Guidelines is looming. Here’s what you need to know to ensure compliance.

16/02/2021

16/02/2021 12:00:00 AM16/02/2021 10:01:11 AM

Record keeping

The legislation should be amended to allow for the better maintenance of strata records, including electronic storage and back-up, as well as a requirement to maintain an overall index of records.

15/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

15/02/2021 12:00:00 AM19/02/2021 9:24:23 AM

Small fluctuations in rental vacancies welcome the New Year

MEDIA RELEASE: After a year of uncertainty and dramatic fluctuations, the REINSW Vacancy Rate Survey results for January 2021 show that rental vacancies across the major metropolitan markets remain largely stable.

12/02/2021

12/02/2021 12:00:00 AM12/02/2021 3:48:25 PM

Insurance valuations

The requirement for an Owners’ Corporation to obtain a building insurance valuation every five years should be reintroduced and amendments made to remove reinstatement from the valuation exercise.

12/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

12/02/2021 12:00:00 AM12/02/2021 2:29:41 PM

Window safety devices

The legislation needs to clarify who is responsible for the ongoing maintenance of window safety devices and address the many practical issues that are currently causing confusion.

11/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

11/02/2021 12:00:00 AM19/02/2021 9:18:53 AM

Taking trust to the next level

Neil Webster, the winner of the John Greig OAM Community Service category at the 2020 REINSW Awards for Excellence, reveals how community service can set you up for a thriving career, build trust with clients and help make the world a better place.

10/02/2021

10/02/2021 12:00:00 AM10/02/2021 11:58:29 AM

Minor renovations by owners

There should be a statutory requirement to register minor renovations to common property carried out by lot owners.

09/02/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

9/02/2021 12:00:00 AM19/02/2021 9:17:13 AM

Your CPD obligations

Continuing Professional Development has changed and all agents need to understand what their obligations are in accordance with their classification in the licensing structure.

08/02/2021

8/02/2021 12:00:00 AM12/02/2021 10:30:03 AM