By George Rousos Director Industry Training Consultants P: (02) 49 436110 F: (02) 49 436110 M: 0416 297197 e: george@itc.nsw.edu.au Back in 2010 we received an enquiry about the real estate auction method in NSW and the sharp, deceptive practices that are sometimes used to enforce a contract. A consumer buyer, whom we spoke to, believed they were induced to enter into a contract at auction by misleading and deceptive conduct and was considering a civil...
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by George Rousos Director Industry Training Consultants george@itc.nsw.edu.au Franois-Marie Arouet, better known by the pen name Voltaire, was a French writer and philosopher famous for his wit and for his advocacy of civil liberties, including freedom of religion and free trade. One of Voltaire’s famous sayings was, and I quote: “We must distinguish between speaking to deceive and being silent to be reserved.” “We must distinguish between speaking to deceive and being silent...
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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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