Tag Archive: office of fair trading: NSW

Fairness From NSW Office of Fair Trading? It’s Problematic!

Posted on July 5, 2010 by | 7 Comments
by Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd   After experiencing first hand the legal knowledge and reasoning of Mr. Robert Guthrie, Acting Manager, Licensing for the New South Wales Office of Fair Trading, I have written a comedy script for the ABC’s 7.30 Report. The script is based on a letter penned by Mr. Guthrie concerning the operations of Lawyers Real Estate. Lawyers Real Estate featured in...

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Why the “cooling off laws” don’t prevent gazumping !

Posted on August 1, 2009 by | 2 Comments
              by George Rousos Director Industry Training Consultants george@itc.nsw.edu.au Statutory authorities must start exercising the same degree of care towards sellers as they do with buyers of properties. It was discovered and found on the NSW Office Of Fair Trading’s website, no cooling-off period  applies to sellers of properties once contracts have been exchanged, sellers are generally bound to complete the agreement. (See the article “Sale Contracts” on the website of the...

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Wrong Advice From NSW Office Of Fair Trading

Posted on July 21, 2009 by | 10 Comments
by George Rousos Director Industry Training Consultants george@itc.nsw.edu.au Applications for an ex gratia payment will be quite common in the future, unless the NSW Office Of Fair Trading start looking closely at the relevant provisions of the NSW Property Stock & Business Agents Act 2002. An ex gratia payment is made in the exercise of the prerogative power of Government. A payment may be made if a person has suffered a financial loss or other detriment directly as...

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