by Peter Mericka B.A., LL.B Real Estate Lawyer and Qualified Practising Conveyancer Victoria Lawyers Real Estate
Who do the estate agents of Victoria turn to when their lucrative monopoloy is threatened? None other than their monopoly maintenance partner, Consumer Affairs Victoria.
Consumer Affairs Victoria (CAV) has proven on many occasions that its relationship with the real estate industry is like that of “head of the family”. If estate agents misbehave as individuals, and thereby cause embarassment to the rest of the real estate “family”, CAV will step in and take them to task.
However, if the interests of the real estate “family” itself are threatened, then CAV will step in to face threat, and to ensure that the family’s interests are protected.
The latest example of CAV protecting the interests of real estate agents at the expense of consumers can be found in the interim report of the Estate Agents Council Licensing System Review 2006, available from CAV’s website.