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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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Sign on the line

Are digital signatures the same as electronic signatures? The short answer is “no”. They are different. Here we explain how they differ and what all agents need to know about using them.

20/09/2021

20/09/2021 12:00:00 AM20/09/2021 10:49:01 AM

REIA’s Real Estate Market Facts show housing prices blew out by almost 20%

MEDIA RELEASE: House prices have inflated by a whopping 18.4% over the year to June 2021, the latest Real Estate institute of Australia’s (REIA), Real Estate Market Facts has found.

15/09/2021

15/09/2021 12:00:00 AM16/09/2021 12:22:15 PM

Recognition of Prior Learning in focus

If you are currently an Assistant Agent and have more than 12 months’ experience, you need to upgrade to your Real Estate Licence by completing a Certificate IV qualification.

15/09/2021

15/09/2021 12:00:00 AM15/09/2021 10:54:08 AM

Embracing tech

Daunted by technology? You don’t have to be. Kylie Walsh explains why and outlines the things you need to consider when deciding what tech to implement in your business.

14/09/2021

14/09/2021 12:00:00 AM14/09/2021 9:23:54 AM

Sydney vacancies plummet to lowest level in more than three years

MEDIA RELEASE: The REINSW Vacancy Rate Survey results for August 2021 show that residential rental vacancies in Sydney have dropped for the fourth consecutive month.

13/09/2021

13/09/2021 12:00:00 AM13/09/2021 12:04:52 PM

Rental Affordability Improves Across Australia

Rental affordability improved marginally across Australia by 0.3 percentage points over the June quarter, the latest quarterly Housing Affordability report by the Real Estate Institute of Australia (REIA) has found.

11/09/2021

11/09/2021 12:00:00 AM13/09/2021 11:58:16 AM

Empowering people experiencing homelessness

Frustrated by the lack of dignity shown to those experiencing homelessness, Suzanne Hopman developed a solution with a difference and launched Dignity, a charity that empowers people with dignity and prevents, responds to and ends homelessness.

10/09/2021

10/09/2021 12:00:00 AM10/09/2021 10:20:21 AM

Vendors should ‘spring’ into action to take advantage of market demand

It was once exceptional for a buyer to purchase a home without setting foot inside the property. But agents are now barely raising an eyebrow at the practice which has become increasingly common during Sydney’s extended lockdown.

08/09/2021

8/09/2021 12:00:00 AM8/09/2021 10:17:11 AM

Focus and determination: Q & A

With a background in land surveying and civil engineering, Barry Cawthorn, Managing Director of Bawdens, was destined to become a commercial real estate success. For 40 years, he’s focused on building teams and giving back where he can.

07/09/2021

7/09/2021 12:00:00 AM7/09/2021 9:57:35 AM

7 time-saving features of REI Forms Live

REI Forms Live is a real saviour. It helps you to save time by electronically generating the mountains of paperwork that keeps your day-to-day business activities on track. But you may not be aware of some of the other ways REI Forms Live can help.

03/09/2021

3/09/2021 12:00:00 AM3/09/2021 11:11:32 AM

Tenant Participation

“Since the commencement of amendments to the Strata Schemes Management Act in November 2016, tenants have had the right to be given notice of and attend Owners’ Corporation meetings,” Nicole Unger, REINSW General Counsel, said.

01/09/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

1/09/2021 12:00:00 AM1/09/2021 9:38:08 AM
26/08/2021 12:00:00 AM15/09/2021 5:15:29 PM
25/08/2021 12:00:00 AM26/08/2021 9:23:59 AM

Burnout, be gone

Working in the real estate industry brings with it much excitement and exhilaration. But there’s also a dark side, where the stresses, challenges and breakneck pace of the job have the potential to lead to burnout.

25/08/2021

25/08/2021 12:00:00 AM25/08/2021 11:33:00 AM

Capital Fund Works Plan

The matters to be included in capital works fund plans need to be clarified and the annual savings needed to fund anticipated expenditure should be set out.

24/08/2021 | Members and non-members can view this content. You will need to create an account or sign in to view this content.

24/08/2021 12:00:00 AM24/08/2021 10:53:16 AM