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by Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd
I was watching ''First Tuesday Book Club'' on ABC TV a few months ago, and I saw the host, Jennifer Byrne hold up a copy of Brendan Gullifer's book SOLD. According to Byrne, ''I thought it was tremendous fun. And ...
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Hi John,
I really don't see the problem. Are you disappointed because someone else paid more for the property than you were able to pay? Or did you buy the property and now you believe you've paid too much?
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If you're in the state of Victoria there is nothing to stop you from bidding on behalf of your friend. Just make sure that you DO NOT SIGN ANYTHING AT ANY STAGE. I assume that your friend will be nearby, to come in and sign the contract if the property is knocked down to you, and that you are bidding on your firend's behalf because the ...
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A friend has expressed interest in me bidding for them at an auction as part of their auction strategy (they are not, nor affiliated with, the vendor). I am not a lawyer nor a real estate agent. Is it legal for me to bid on their behalf? What sort of agreement would it be prudent to work out with them beforehand?
Thanks for any advice you can ...
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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 ...
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OPINIONby David MorrellReal Estate Buyers' AdvocateDirector Morrell & Koren
Right now the real estate auction system is on the ropes because the market has tanked; but its problems run deeper than that. The elephant in the room is whether the auction system itself is working in vendors’ best interests.
The agents make the ...
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Opinion by Neil Jenman Consumer Advocate
For many years, the Real Estate Institute of Victoria (REIV) has misled and deceived real estate consumers. Whether it be trying to justify (or deny) dodgy practices such as false price quoting or whether it's brushing-aside common claims of widespread dishonesty, as far as real estate bodies go, they ...
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OPINIONby Peter Mericka B.A., LL.BReal Estate LawyerQualified Practising Conveyancer VictoriaDirector Lawyers Real Estate Pty Ltd
Estate agents have a marvelous talent for redefining words so that their everyday meaning is distorted to the point that they become oxymorons. The use of the word ''transparent'' by Real Estate Institute of ...
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by Tim O'Dwyer M.A., LL.BSolicitorConsumer Advocate watchdog@argonautlegal.com.au
Walk away to bid another day - but not before the auction is over.
Picture yourself as a duly registered, cashed-up bidder at the auction of a seaside mansion. Bidding starts at $6.5 million. You join in as bidding progresses to $7.5 million.
Then ...
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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 ...
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