Under the current government scheme, if you sign up an eligible existing worker into either a property or business qualification through PTS, you will receive the standard commencement payment of $1,500 PLUS the completion payment of $2,500. After July 1, government incentives for existing workers will change. There will be no commencement payment made to you. The only payment you...

OFT has recently received a number of complaints about real estate agencies in a particular area advertising properties with incorrect or misleading information, especially regarding the suburb in which a property is located. A number of complaints have been investigated and agents put on notice about the consequences of breaching legislation that outlaws misrepresentation in...

The value of a business or a property that is remaining after all debts and obligations have been removed.

This question is raised quite often at PTS. Here is a brief outline to help make this clearer:   Real Estate Registration In NSW, QLD the ACT, to work in the real estate industry you must hold a real estate registration certificate. If held, you are able to work in an agency, under your employer's licence as a salesperson or property...

Real estate agents have been put on notice by Fair Work, with the workplace regulator announcing it will audit 125 agencies in Queensland as a follow up to its campaign last year which found the majority of principals had failed to lodge written staff agreements with the Queensland Property Industry Registry (QPIR). Fair Work inspectors are planning...

Conditional means that the contract relies on certain "conditions" to be met before it is binding. Once the conditions have been met and you are satisfied then you are bound to proceed with the purchase of the property/land. The most common conditions are finance and building and pest inspections. Normally there will be a timeframe that you have to meet...

An 18-month jail sentence has been handed down to a property manager formerly employed by a Sydney commercial property management company. The judgment was delivered to Paul Francis Charles Stevens, who was convicted of seven counts of obtaining financial advantage by deception and sentenced to the jail term, suspended on him entering into a bond. Fair Trading Commissioner Rod...

Mistake of Fact: An unintentional error which does not state the true facts or conditions of the contract and if it is curable and agreeable to the parties does not void a contract. Unintentional failure. Negligence: Either the failure to act as a reasonable prudent person or the performance of an act that would not be done by...