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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 AM18/01/2022 12:11:16 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 AM18/01/2022 12:13:47 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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What to expect under the hammer in 2022

Australia’s much loved spectator sport of auctions has taken a hit in recent years. Images of crowded front lawns and punters packed into lounge rooms were commonplace in the property media, but that all changed when COVID arrived down under.

27/01/2022

27/01/2022 12:00:00 AM27/01/2022 9:21:53 AM

The ups and downs of downsizing

Downsizing from a family home is a big decision. More than just moving house, it’s a lifestyle change. For some, it frees them from the burden of property maintenance and provides the capital to fund a life of leisure.

21/01/2022

21/01/2022 12:00:00 AM21/01/2022 10:30:23 AM

Q&A: A perfect fit

After a successful two-decade career in the customer service industry, Troy Pinder, General Manager at McGrath Coffs Harbour, Nambucca Heads and Sawtell, decided it was time for a change.

19/01/2022

19/01/2022 12:00:00 AM19/01/2022 9:24:22 AM

Changing direction

Could the mayhem and disruption caused by the COVID-19 pandemic have an unexpected silver lining for property management recruitment? Here’s how a new generation of employees are bringing a diverse range of skills to this demanding career.

17/01/2022

17/01/2022 12:00:00 AM17/01/2022 8:52:12 AM

A place for everyone

Newcastle-based Green St Property is one of the leading real estate sales and property management agencies within the local market.

14/01/2022

14/01/2022 12:00:00 AM14/01/2022 10:25:03 AM

Harness your experience with RPL

Heidi McEntee, General Manager at Goulburn First National Real Estate, recently completed the Diploma of Property (Agency Management) qualification to obtain her Class 1 Real Estate Licence.

13/01/2022

13/01/2022 12:00:00 AM13/01/2022 12:31:27 PM

Omicron variant keeps residential rental market in limbo

MEDIA RELEASE: The REINSW Vacancy Rate Survey results for December 2021, show that residential rental vacancies have remained mostly stable across much of New South Wales.

11/01/2022

11/01/2022 12:00:00 AM19/01/2022 10:54:11 AM

Agent of change

As he steps into the position of President, Peter Matthews is ready to take REINSW into the future and will continue his work to raise the profile of the real estate industry as a trusted profession.

05/01/2022

5/01/2022 12:00:00 AM5/01/2022 11:13:32 AM

Your Teflon coat

What does your average day look like? No doubt you cross paths with many people each workday – after all, real estate is a people business. But, while we all endeavour to build strong relationships, there will be times when it simply isn't possible.

04/01/2022

4/01/2022 12:00:00 AM4/01/2022 12:30:11 PM

REINSW launches REI FastTrack Contract

We live in a world of immediacy, the contemporary consumer classifies any delay as poor service, particularly tech savvy consumers. We are evolving into a society of specialists; we do what we do and outsource all of our requirements. Accordingly, co

24/12/2021

24/12/2021 12:00:00 AM4/01/2022 9:54:55 AM
16/12/2021 12:00:00 AM16/12/2021 6:21:34 PM

REIA house prices increase at an annual rate of 23.4% - the highest in 20 years

MEDIA RELEASE: Australian housing prices have increased at a whopping rate of 23.4% over the past year, the highest growth in 20 years, the latest Real Estate Institute of Australia (REIA) Real Estate Market Facts has found.

15/12/2021

15/12/2021 12:00:00 AM24/12/2021 10:21:17 AM

Uncertainty continues for residential rental market as Christmas and New Year approaches

MEDIA RELEASE: After a slight drop last month, the REINSW Vacancy Rate Survey results for November 2021 show that residential rental vacancies in Sydney have once again increased.

14/12/2021

14/12/2021 12:00:00 AM14/12/2021 9:46:59 AM

Copy of Know your numbers

From the greatest adversity comes the greatest learnings – and that’s certainly been true in recent months. Kylie Walsh shares her thoughts about how you can use your experiences to inform business planning.

10/12/2021

10/12/2021 12:00:00 AM20/01/2022 4:55:39 AM

Know your numbers

From the greatest adversity comes the greatest learnings – and that’s certainly been true in recent months. Kylie Walsh shares her thoughts about how you can use your experiences to inform business planning.

10/12/2021

10/12/2021 12:00:00 AM10/12/2021 9:05:45 AM