Tag Archive: industry training consultants

How Both Contract Law and Consumer Law Are Derailing the Real Estate Auction System

Posted on September 10, 2013 by | 0 Comments
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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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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