by Tim O’Dwyer M.A., LL.B
From July 1st last year the role of Queensland real estate agents in preparing contracts was severely limited by law. Sit back, dear readers, as I now blow the whistle on an extraordinary government back-flip.
Remember when the Beattie government back-stabbed real estate consumers who had been ripped-off by over-priced property marketeers?
In December 2002 amendments to the Property Agents and Motor Dealers Act (PAMDA) retrospectively prevented marketeering victims claiming compensation from a government fund. This fund, having already paid some victims’ claims, had inadequate reserves to meet those already filed apart from an avalanche to come.
Five years later, almost to the day, history repeated itself when the Bligh government retrospectively shafted all real estate consumers – buyers, sellers, landlords and tenants. How? With a regulation (backdated to 1st July 2007) intended principally to permit legally unqualified agents to continue to prepare legally binding contracts.