Another Nail in the Auction Coffin

by Peter Mericka B.A., LL.B Real Estate Lawyer Qualified Practising Conveyancer Victoria Director 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 proposed addition to the legislation governing the conduct of real estate auctions represents one more nail in the auction coffin. In his weekly propaganda piece in the...(read more)

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[Source: Australian Real Estate Blog]