BEWARE – Estate Agents Who Act As Lawyers

Here is yet another example of an estate agent playing “lawyer” and messing things up.

Our client was relying on a bank loan to finance his purchase. He had included a “finance condition” in the contract, so that he could end the contract if his finance was refused. As so often happens, the bank was slow in approving his loan and he needed to have the contract amended to allow further time.

Everything was fine until an estate agent from Raine & Horne (Sungis Real Estate Pty Ltd) contacted our client to tell him that he could not have an extension of time, and that the finance condition had expired.

The estate agent’s advice was not only wrong. In our opinion, the estate agent committed a criminal offence by assuming the role of “lawyer” and offering our client what amounted to legal advice.

Had our client accepted what he had been told by the estate agent, he may well have found himself in dire circumstances.

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