by Peter Mericka B.A., LL.B
Real Estate Lawyer
Qualified Practising Conveyancer Victoria
Director Lawyers Real Estate Pty Ltd
I received this email from a reader over the weekend:
“Best of luck in tackling the deceits of the REIV and thanks for the blog site on Melbourne real estate. I think most sellers are too timid to try any alternative method of selling their homes and are completely under the control of the RE agents. I have about the same regard for RE agents as my local used car dealers and am finding it very difficult to buy a small property due to the dishonesty of the profession I’ve experienced.
Not sure if it’s happening here, but friends in Sydney recently paid an agent $5000 for access to the new sales listing and said it was the only way they could get a chance to purchase a house.”
Is anyone else aware of estate agents selling new sales listings? If so, I’d like to investigate how this procedure operates and how widespread it is.