Viewing entries posted in April 2012
Term of the Week - Imputed Notice
A legal concept that holds that information communicated to an agent is communicated to the principal because in the client/agent relationship nothing is held back because it was the duty to report the information to the principal
How to Attract and Retain Top Agents
Recruitment in the real estate industry often sees a vast difference to other industries. The real estate industry in Australia is a lucrative one at the best of times. It rivals retail and hospitality, and dominates over many others. It’s for this reason, a lot of focus needs to be placed on recruitment in the industry and...
Business Planning
When running any business, it is of vital importance to have a plan in place. Business plans are formal statements of your business goals and what your plan is for reaching those goals. They are used as a decision making tool and there is no "standard" content for a plan, rather it is determined by the goals and the audience....
Word of the Week - Breezeway
A covered passage open on two sides connecting a house with a garage or other parts of the house.
Word of the Week - Obsolescence
A loss in property value due to reduced desirability or usefulness because its design and construction have become old fashioned or it has not kept up with current needs or a less costly alternative exists.
Ex-Property Manager Facing Fraud Claims
VICTORIA Police are investigating serious fraud allegations against a former manager at Run Property, who has been accused of misappropriating more than $560,000 from clients of the public company.
Click here (http://www.theage.com.au/victoria/exproperty-manager-facing-fraud-claims-20120407-1wie3.html) for the full story.
Word of the Week - Equity
In the context of real estate, the difference between the current market value of the property and the amount the owner still owes on the mortgage. It is the amount that the owner would receive after selling a property and paying off the mortgage.Below is a helpful example of how you would use the equity in your...
Term of the Week - Balloon Payment
An installment payment on a promissory note usually the final one for discharging the debt which is significantly larger than the other installment payments provided under the terms of the promissory note.
Related Information
CPD Training (http://www.pts.edu.au)
Real Estate Humour
A very successful real estate broker had a meeting with his new son-in-law. "I love my daughter, and now I welcome you into the family," said the man. "To show you how much we care for you, I'm making you a 50-50 partner in my real estate office. All you have to do is go to...
Report Points to Rise in Homebuyer Confidence
Thirty-nine per cent of homebuyers believe now is a good time to buy a home, with homebuyer confidence up two per cent and back to levels last seen last March, according to the latest edition of the Genworth Homebuyer Confidence Index (HCI).
According to the report released last week, the key drivers of confidence are the decrease...