Latest news Skip listen and sharing tools Listen Filter by category All News alerts Industry updates Legislation updates Media releases Public warnings Enforceable undertakings Court actions Showing articles tagged with 'Buying and selling property' Enforcing underquoting laws to protect home buyers - News alert News alerts 8 November 2021 Consumer Affairs Victoria is monitoring the real estate industry for signs of underquoting, as Victoria reopens and property sales ramp up. Zhenhua Yang and Ausco Real Estate Pty Ltd - Court outcome Court actions 25 October 2021 A former real estate agent has received an 18-month Community Corrections Order and must complete 300 hours of community service after being convicted of trust account offences. New educational requirements for prospective conveyancers - News alert News alerts 30 September 2021 On 30 September 2021, changes to the educational requirements for conveyancers will take effect. Trust account audit requirements for estate agents and conveyancers during COVID 19 - News alert News alerts 13 September 2021 Consumer Affairs Victoria is offering extensions of time to help licensed real estate agents and conveyancers affected by COVIDSafe Settings submit their trust account audits. Harald Simon Michaelis - Court outcome Court actions 27 August 2021 A former real estate agent has received a two-year Community Corrections Order and must complete 100 hours of community service after being convicted of trust account offences. Amit Miglani and SNM Properties Pty Ltd (trading as MIG Real Estate) - Court outcome Court actions 4 August 2021 The Officer in Effective Control of a former western suburbs estate agency has narrowly avoided an immediate jail term, after being convicted of misusing his clients’ money. Protecting homebuyers from underquoting News alerts 20 July 2021 Consumer Affairs Victoria has been conducting a range of compliance and educational activities to help ensure homebuyers don’t experience the illegal practice of underquoting. Thomas Aloysius - Court outcome Court actions 16 July 2021 An estate agent’s representative has been given a criminal conviction and fined $8,000 after he asked a purchaser to pay some of their deposit to his personal bank account instead of to the agency’s trust account on behalf of the vendors who had engaged him to help sell their home. Targeting trust account audits - News alert News alerts 31 May 2021 Consumer Affairs Victoria has issued 117 infringement notices amounting to $120,000 and official warnings to estate agents who failed to lodge their trust account audit reports for last year. Hans Eric Richmond - Court outcome Court actions 17 November 2020 A former conveyancer has been ordered to pay $5000 in fines and a further $73,000 restitution to the Victorian Property Fund after being found guilty of continuing to work as a conveyancer without a licence. Go to: 1 2 3 4 5 6 7 8 Page 1 of 8 Next
Enforcing underquoting laws to protect home buyers - News alert News alerts 8 November 2021 Consumer Affairs Victoria is monitoring the real estate industry for signs of underquoting, as Victoria reopens and property sales ramp up.
Zhenhua Yang and Ausco Real Estate Pty Ltd - Court outcome Court actions 25 October 2021 A former real estate agent has received an 18-month Community Corrections Order and must complete 300 hours of community service after being convicted of trust account offences.
New educational requirements for prospective conveyancers - News alert News alerts 30 September 2021 On 30 September 2021, changes to the educational requirements for conveyancers will take effect.
Trust account audit requirements for estate agents and conveyancers during COVID 19 - News alert News alerts 13 September 2021 Consumer Affairs Victoria is offering extensions of time to help licensed real estate agents and conveyancers affected by COVIDSafe Settings submit their trust account audits.
Harald Simon Michaelis - Court outcome Court actions 27 August 2021 A former real estate agent has received a two-year Community Corrections Order and must complete 100 hours of community service after being convicted of trust account offences.
Amit Miglani and SNM Properties Pty Ltd (trading as MIG Real Estate) - Court outcome Court actions 4 August 2021 The Officer in Effective Control of a former western suburbs estate agency has narrowly avoided an immediate jail term, after being convicted of misusing his clients’ money.
Protecting homebuyers from underquoting News alerts 20 July 2021 Consumer Affairs Victoria has been conducting a range of compliance and educational activities to help ensure homebuyers don’t experience the illegal practice of underquoting.
Thomas Aloysius - Court outcome Court actions 16 July 2021 An estate agent’s representative has been given a criminal conviction and fined $8,000 after he asked a purchaser to pay some of their deposit to his personal bank account instead of to the agency’s trust account on behalf of the vendors who had engaged him to help sell their home.
Targeting trust account audits - News alert News alerts 31 May 2021 Consumer Affairs Victoria has issued 117 infringement notices amounting to $120,000 and official warnings to estate agents who failed to lodge their trust account audit reports for last year.
Hans Eric Richmond - Court outcome Court actions 17 November 2020 A former conveyancer has been ordered to pay $5000 in fines and a further $73,000 restitution to the Victorian Property Fund after being found guilty of continuing to work as a conveyancer without a licence.