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Underquoting quick guide

New underquoting laws commenced on 1 January 2016. Do you understand your obligations? Here’s a quick guide on the top five changes you need to know about.

26/06/2020

26/06/2020 9:50:47 PM18/02/2021 3:17:25 PM

Harsh consequences for underquoting

What the Federal Court decided in a misleading and deceptive conduct case saw an agent charged with underquoting.

06/12/2018

6/12/2018 12:00:00 AM4/08/2020 11:42:29 AM

Agents fined $25,000 after compliance blitz

More than 70% of Northern Beaches real estate agents inspected were fined over $25,000 after a NSW Fair Trading compliance blitz.

09/04/2018

9/04/2018 12:00:00 AM3/08/2020 4:43:25 PM

Avoid underquoting traps

REINSW held a free Member webinar aimed at giving agents a deeper understanding of underquoting.

24/04/2017

24/04/2017 12:00:00 AM26/06/2020 9:00:53 PM

Written instructions offer protection

REINSW has warned agents to protect themselves from the Australian Consumer Law.

27/03/2017

27/03/2017 12:00:00 AM26/06/2020 8:28:45 PM

Underquoting, one year on

Hear from REINSW President John Cunningham on underquoting, one year on.

28/02/2017

28/02/2017 12:00:00 AM26/06/2020 9:47:22 PM

Changes to the underquoting laws

Underquoting and other changes to the PSBA Act begin on 16 December 2016.

16/12/2016

16/12/2016 12:00:00 AM26/06/2020 9:21:17 PM

REINSW submission on consumer law reforms

REINSW has made a submission on the Australian Consumer Law Review.

23/06/2016

23/06/2016 12:00:00 AM26/06/2020 9:04:35 PM

Underquoting audit underway in NSW

NSW Fair Trading has begun a two week underquoting audit of real estate agents in NSW until 18 March 2016.

09/03/2016

9/03/2016 12:00:00 AM3/08/2020 4:17:14 PM

Are you ready for this year’s challenges?

Hear from REINSW's President and CEO about improving education standards and legislation changes.

07/03/2016

7/03/2016 12:00:00 AM26/06/2020 9:41:22 PM

Quoting property prices

There are now a set of new rules about how a real estate agent is allowed to quote a property price.

07/03/2016

7/03/2016 12:00:00 AM26/06/2020 9:18:37 PM

Underquoting briefing boosts confidence on new laws

A highlights video reel of the REINSW latest underquoting session, is available to view.

04/03/2016

4/03/2016 12:00:00 AM3/08/2020 4:20:11 PM

Free form to help you comply with underquoting laws

We have developed a new form to help Members comply with the requirement to notify the seller of a revised estimated selling price.

18/02/2016

18/02/2016 12:00:00 AM26/06/2020 9:10:07 PM

Underquoting laws are live!

The underquoting laws are now effective, are you fully prepared for what the changes mean for you?

11/01/2016

11/01/2016 12:00:00 AM3/08/2020 4:15:44 PM

Educating your clients on new underquoting laws

With underquoting laws now effective, agents should be able to educate their clients on what the changes will mean to them.

04/01/2016

4/01/2016 12:00:00 AM3/08/2020 4:12:11 PM
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How the property market will warm vendor’s hearts this winter

Winter has long been seen as the least popular time to sell a home, but strong competition, lack of stock and low interest rates are tipped to keep up current momentum throughout the cooler months.

11/06/2021

11/06/2021 12:00:00 AM11/06/2021 11:00:42 AM

House prices increase at the highest quarterly rate in a decade

MEDIA RELEASE: The weighted average capital city median price for both houses and other dwellings has increased at the highest rate in a decade, the latest Real Estate Institute of Australia's Real Estate Market Facts report has found.

09/06/2021

9/06/2021 12:00:00 AM9/06/2021 3:52:45 PM

Overall housing and rental affordability declines

REIA MEDIA RELEASE: Housing affordability improved in New South Wales and South Australia, remained steady in Western Australia and the Australian Capital Territory but declined in Victoria, Queensland, Tasmania and the Northern Territory.

08/06/2021

8/06/2021 12:00:00 AM9/06/2021 8:34:03 AM

Q & A - Sparkling success

From a young age, Simone Luxford, Director at Essential Property Wealth, was intrigued with how to create wealth from property and has gone on to build her own successful property portfolio.

04/06/2021

4/06/2021 12:00:00 AM4/06/2021 11:20:24 AM

Strata in the spotlight

Five years after landmark reforms were introduced, the strata framework in New South Wales is once again under review. Here’s how REINSW has responded to the NSW Government’s call for input.

03/06/2021

3/06/2021 12:00:00 AM3/06/2021 10:04:55 AM

Straight talking boy from the bush

With well in excess of 5000 days under his belt as REINSW’s Chief Executive Officer, Tim McKibbin is a formidable force. Here we look at the man who is leading the real estate profession into the next decade with passion and gusto.

02/06/2021

2/06/2021 12:00:00 AM4/06/2021 2:45:24 PM

Real time benefits for lodging rental bonds electronically

Lodging rental bonds online has improved the efficiency of settling funds making it easier for both agents and tenants, according to NSW Fair Trading.

01/06/2021

1/06/2021 12:00:00 AM1/06/2021 10:43:16 AM

We need a dedicated Property Services Commissioner for NSW: Help us to help you now!

For the past 10 years, REINSW has relentlessly lobbied Government to remove our Industry from NSW Fair Trading and establish a dedicated Property Services Commissioner instead. We need your help to get the message to your local MPs without delay.

31/05/2021

31/05/2021 12:00:00 AM31/05/2021 10:06:40 AM

Now’s the time for a standard retail lease

In a submission to the Office of the NSW Small Business Commissioner, REINSW has proposed the introduction of a standard retail lease as a “natural evolution” of the Retail Leases Act 1994 (NSW).

28/05/2021

28/05/2021 12:00:00 AM28/05/2021 12:07:48 PM

HELPLINE Q&A: Can a tenant carry out changes to the rental premises?

Yes, a tenant can make certain changes of a “minor nature” to the premises.

25/05/2021

25/05/2021 12:00:00 AM25/05/2021 2:51:07 PM

On the chopping block: why fee cutting hurts everyone

Commission charges vary across NSW with Sydney already home to the lowest fees due to the sheer number of agents on the ground.

20/05/2021

20/05/2021 12:00:00 AM25/05/2021 2:38:47 PM

Cultivating your community

Time is such a valuable commodity. Most people have little time to answer their phones to friends and family, much less take a call from a local real estate professional.

18/05/2021

18/05/2021 12:00:00 AM18/05/2021 1:15:26 PM

Under the hammer: The female auctioneers breaking the mould

It goes without saying that women have an equal footing throughout the real estate industry from front of house operations, to selling homes or leasing them out.

17/05/2021

17/05/2021 12:00:00 AM11/06/2021 1:29:30 PM

The facts about women and super

Did you know that more than 80 per cent of women currently retire with insufficient superannuation savings to fund a comfortable lifestyle?

14/05/2021

14/05/2021 12:00:00 AM14/05/2021 10:05:28 AM

Sydney’s vacancy rate continues to rise, as regional rates remain historically low

MEDIA RELEASE: After an uplift last month, the latest REINSW Vacancy Rate Survey results for April 2021 show that residential rental vacancies in Sydney have again risen and now sit at 4.3%.

12/05/2021

12/05/2021 12:00:00 AM12/05/2021 11:56:05 AM