How I Became An Estate Agent's Hero

by Tim O'Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au Brisbane conveyancing solicitor Chris Bridge became concerned when he noticed that his buyer clients contract included a special condition authorising the pre-settlement release of the selling agents commission. Such a pre-draw practice may be legal elsewhere if the contracting parties agree, but not in Queensland where Section 385 of the Property Agents and Motor Dealers Act (PAMDA) permits agents to take commissions...(read more)

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[Source: Australian Real Estate Blog]