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  • The "Private Auction" – A Haven For The Dummy Bid

    OPINIONby Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd   The dreaded ''dummy bid'' never really went away; it simply mutated into a more insidious form through the concept of the ''Private Auction''. Bell Real Estate, a prominent real estate agency operating in ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on May 1, 2007
  • REIV Provides Misleading Auction Advice

    OPINIONby Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd In his regular propaganda column in the Domain section of The Age newspaper, the CEO of the Real Estate Institute of Victoria (REIV), Enzo Raimondo, pretends to inform consumers about the auction myth. Asking the ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on May 9, 2010
  • Enzo Raimondo - Auction System's Fair, You Can Quote Me

    OPINIONby Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd   Following on from my previous posting in which I acknowledged Enzo Raimondo, CEO of the Real Estate Institute of Victoria (REIV) as a master of the partial-truth, comes a newspaper article in which Raimondo ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on July 31, 2009
  • Auction Bullying

    by Peter Mericka B.A., LL.B Real Estate Lawyer and Qualified Practising Conveyancer Victoria Lawyers Real Estate “Auction turns to scuffle” is the title of an article by David Nankervis of the Adelaide Sunday Mail (p.36). The article describes how police were called to a house auction after a clash erupted between a bidder and the auctioneer. The ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on May 10, 2007
  • Re: Mandatory Property Inspections

    Leon Cupit Independent Property Inspections: Mandatory Property Inspections?Today, a number of factors are forcing banks and financial servicesfirms to take a closer look at the property appraisal process beforeapproving a mortgage. These factors include a rising number offoreclosures, many applicants applying to extend mortgages to ...
    Posted to This is what happened to me... (Forum) by FirstHomeBuyerBurnt on August 13, 2009
  • Another Nail in the Auction Coffin

    by Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd   The Real Estate Institute of Victoria (REIV) has been forced to come clean, and to admit to consumers that ''...no binding contract exists until the successful bidder and the vendor have signed a contract.'' A ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on February 14, 2008
  • Auction Tales From The Deep North

    by Tim O’Dwyer M.A., LL.B Queensland Solicitor & Consumer Advocate watchdog@argonautlegal.com.au Queensland’s Beattie Government has changed the law on auctions. It took six years, despite Fair Trading Ministers’ regular boasting about the world’s best real estate consumer protection laws, to realise the wishy-washiness of its Code of Conduct ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on April 30, 2007
  • Need To Dispose Of A “Dud” Property? Auction It!

    This warning is prompted by the number of “dud” properties being screened off through our pre-contract advice service. One was a property with “subdivision issues”, and another was weighed down by a covenant that required the owner of the property to refrain from objecting or inviting or assisting or financing any other person to object to the use ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on May 3, 2007
  • Winning Auction Bidders Beware

    (NOT APPLICABLE IN VICTORIA OR A.C.T.) by Tim O'Dwyer M.A., LL.B Queensland Solicitor & Consumer Advocate watchdog@argonautlegal.com.au   Peter Mericka was correct when he stated in Auctions Exposed As Non-Binding that, as every agent, auctioneer, solicitor and conveyancer knows, a contract for the sale of real estate must be in ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on April 28, 2007
  • Video Recording of Real Estate Auctions

    OPINIONby Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd   It's time for consumers to get serious about the tricks and criminal conduct associated with real estate auctions. As most of the criminal conduct associated with auctions takes place when the auction is in ...
    Posted to Australian Real Estate Blog (Weblog) by Peter Mericka on February 16, 2009
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