by Peter Mericka B.A., LL.B Real Estate Lawyer and Qualified Practising Conveyancer Victoria Lawyers Real Estate
This simple statement will be regarded by some as a serious and unjustified attack on a powerful and well-established industry, and by others as a trite truism.
In coming posts we will put the real estate industry under the microscope and examine it in a way that has never before been attempted. We are confident that anyone who examines the evidence on a fair and objective basis will conclude that the real estate industry is in urgent need of reform.
How will we go about our examination?
We believe that one of the best ways to get to the heart of the problem is to follow the money. We will examine the ways in which money moves from consumers to estate agents, from estate agents to lawyers, conveyancers, advertisers and other industry participants, and how the industry rewards those who support it.
But we won’t stop there. After examining the industry and exposing the mutations that have caused it to grow into the grotesque behemoth we have all come to know, we will recommend a set of standards.
We believe that a new set of industry standards will develop a true “Real Estate Best Practice” model.
We invite all interested parties to have their say, and we promise a very interesting set of postings over the coming months.