Why Real Estate Skulduggery Is Easier In Queensland

Posted on May 3, 2007 by | 0 Comments

by Tim O’Dwyer M.A., LL.B Queensland Solicitor & Consumer Advocate watchdog@argonautlegal.com.au

When you buy a residential property in Queensland, the real estate agent must by law give you a Warning Statement. This is to be signed before you sign the contract.

“Do not sign the attached contract without reading and understanding this warning,” the Fair Trading statement says. “Do not sign if you feel pressured,” it adds.

But sellers get no statutory warnings. Unlike your buyers, you can’t cool-off. You are not told to first obtain independent legal advice or to get an independent valuation.

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