Tag Archive: Valuation

Enzo Raimondo & REIV – Misleading Advice On Property Valuations

Posted on March 6, 2011 by | 0 Comments
OPINIONby Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd   Enzo Raimondo is the CEO of the Real Estate Institute of Victoria (REIV), but he is not a lawyer. In fact, Mr. Raimondo is not even a licensed real estate agent, and he is certainly not a qualified real estate valuer. So why is Mr. Raimondo telling consumers about the role(s) of professional real estate valuers? Enzo Raimondo, CEO...

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Underquoting Problem? NO! It’s A Stupidity Problem!

Posted on March 28, 2010 by | 15 Comments
OPINIONby Peter Mericka B.A., LL.BReal Estate LawyerQu alified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd   When stupidity reaches the front page of The Age newspaper, something has to be said.  Today’s Age screams, “Push to end underquoting” (The Age, Monday 29 March, 2010 p.1).  Unfortunately, the author, Property Editor Marika Dobbin, appears to have ignored the real problem and has just followed the parade of misinformed real estate industry commentators.  Let me confirm,...

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REIV Ethics Disgrace

Posted on March 14, 2010 by | 7 Comments
OPINIONby Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd   There is little doubt that the real estate industry in Victoria is the most corrupt in Australia. This is largely due to the power and arrogance of the Real Estate Institute of Victoria (REIV). The recent dismissal of Mr. John Keating from the REIV ethics committee is an example of the contempt the REIV has for ethical conduct, and...

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The Pricing Dilemma – An Agent’s View

Posted on December 7, 2009 by | 5 Comments
OPINIONby Chris WarrenLicenced Real Estate Agent Chris@RemaxColonial.com.au   Chris Warren is a Licensed Real Estate agent with over 20 years’ experience, providing real estate services to consumers on Brisbane’s inner southside. He was recently quoted in a submission to the Estate Agents Council of Victoria concerning real estate agent appraisals and the pricing of real estate, and wrote this article in response to a request for his opinion on the problems associated with the valuing...

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REIV Pricing Ploy Relies On Lies

Posted on October 25, 2009 by | 24 Comments
by Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd   We now have the REIV inventing, and forcing its own legislation on real estate consumers. When will journalists, regulators, lawyers and consumers start thinking for themselves instead of simply watching Enzo Raimondo and the crew at the Real Estate Institute of Victoria (REIV) make fools of them. It’s time to put vendors and purchasers back in control, and to...

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Call For Urgent Change

Posted on August 21, 2009 by | 1 Comment
OPINIONby George RousosDirectorIndustry Training Consultantsgeorge@itc.nsw.edu.au   After receiving glowing support from my clients and colleagues, it was now time to take decisive action by requesting to the NSW Minister- The Hon. Virginia JUDGE, BEd MP that urgent amendments to real estate laws in NSW be introduced in parliament. What follows is my letter to the Minister, written after my reading of the following article which appeared in the Sydney Morning Herald: Watchdog raids real estate...

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Enzo Raimondo – Auction System’s Fair, You Can Quote Me

Posted on July 31, 2009 by | 6 Comments
OPINIONby Peter Mericka B.A., LL.BReal Estate LawyerQu alified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd   Following on from my previous posting in which I acknowledged Enzo Raimondo, CEO of the Real Estate Institute of Victoria (REIV) as a master of the partial-truth, comes a newspaper article in which Raimondo confirms that “Much misinformation is abroad about property sales” (sic). Of course, Raimondo does not acknowledge his own role in the dissemination of this...

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Enzo Raimondo – Valuation Misinformation From REIV

Posted on July 28, 2009 by | 14 Comments
OPINIONby Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd   Enzo Raimondo, CEO of the Real Estate Institute of Victoria (REIV) is a master of the partial-truth. In a recent article in the Herald Sun newspaper Raimondo purports to advise consumers on “forming an accurate view about the value of a property” but deliberately avoids informing consumers of the easiest and most accurate method of all. In his regular...

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The Value of a Valuation

Posted on December 2, 2008 by | 13 Comments
OPINIONby Patrick Brady AAPI, MRICS, Dip. EdCertified Practising Valuer No. 1277Director WBP Property Group     Many people know the basics of what can impact the value of their property – overhead power lines and busy roads versus sea/tree views and a short stroll to the local coffee shop. To gain a better idea of how to improve the value of your property, it is worthwhile taking a look at what a professional valuer looks...

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The "Oh", "Really?" and "I Wish I Had Known That!" of Making an Offer and Organising Finance

Posted on January 23, 2008 by | 6 Comments
by Shannyn HunterConveyancer shannyn@lawyersconveyancing.com.au Lawyers Conveyancing  On Monday morning purchasers can experience a real estate hangover. After a weekend of elation at finding their dream house and pressure from the agent to make an offer, with hesitation they sign on the dotted line and their concerns about legal advice are pushed aside.  They are locked into a contract.  Unfortunately, the emotive attachment that causes you to buy a property can also cause you to forego certain...

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