Wednesday, July 29, 2009

More on real estate regulation

Estate agent conduct also in Graeme Samuel's sights

http://www.abc.net.au/news/stories/2009/07/19/2629940.htm

The full text of the bill is here

Essentially one of the proposals is that s new section 76E be inserted, providing for pecuniary penalties, for breaches of 'a provision of Division 1 of Part V (other than s52)'.

This means that breaches of the various specific false/misleading representation provisions (including 'aiding/abetting/inducing etc') in s53 would potentially give rise to substantial penalties.

This change obviously goes well beyond misconduct by real estate agents.

Real Estate Underquoting

Last year I conducted some research on behalf of the Victorian Department of Justice, Consumer Affairs Victoria.

The report from this research has recently been released and is available here:



Some media coverage of enforcement actions by Consumer Affairs Victoria arising from alleged underquoting here:

Tuesday, July 28, 2009

Google's Real Estate Advertising

Posts have been thin on the ground for the last three weeks, while I
have been teaching and traveling in Italy.

This story is an interesting one, the whole 'content from aggregators'
issue comes up again, intertwined with the bi-polar position that
Google (and other companies) seems to be in from time to time -
partner/provider on one hand and competitor on the other.

http://www.theage.com.au/technology/biz-tech/google-sparks-real-estate-listings-brawl-20090727-dy2n.html