Ensure you never miss an issue of the
real estate business bulletin
Industry supports Queensland PAMDA split

Industry supports Queensland PAMDA split

by Reporter 0 comments

Steven Cross

The division of Queenslands Property Agents and Motor Dealers Act (PAMDA)into two industry-specific acts will benefit Queensland agents, with the  Real Estate Institute of Queensland (REIQ) submitting a list of recommendations for review.

The Queensland state government said that slashing red tape was a priority for the review, which Attorney-General Jarrod Bleijie outlined in draft legislation in February.

“The existing Property Agents and Motor Dealers Act 2000 is a cumbersome law covering more than 23 licence and registration classes across seven industries,” he said.

“Our goal with this review is to deliver positive red tape reduction reforms that support industry growth, but also maintain a high level of protection for consumers.”

Speaking with Real Estate Business, general manager of Harcourts Queensland Dene Tucker said he supported the decision to change the Act.

“It’s absolutely a good idea to separate the two. The first problem is the Act covers a number of different industries and sectors which really don’t assimilate with each other.

“This happens in legislation all over Australia, but not to the extent that this Act does.”

REIQ chairman Pamela Bennett said the industry had been heavily consulted, and has high hopes that the changes will benefit all Queensland agents.

“In our submission, we expressed strong support for the split of the PAMD Act into industry-specific legislation,” Ms Bennett said.

Mr Tucker added that just the act of splitting the legislation into relevant sections would benefit agents.

“Referring to a document as large as [the Act] is would be intimidating to anybody, so I think in that sense alone it will benefit the wider community,” he said.

REIQ has outlined a series of further recommendations for legislative change, aiming to increase the professionalism of the industry, reduce regulatory and administrative burden and simplify processes associated with real estate transactions.

“Multiple appointment PAMD appointment forms [should] be abolished and replaced with a single simplified appointment form containing only ‘key legislative criteria’, Ms Bennett said.

“This would simplify the appointment process and deliver time-saving benefits. It would also ensure agents are not deprived of their right to remuneration and reimbursement on the basis of minor and technical omissions which result in no real consumer detriment.

“Also, appointment processes and procedures should be simplified.

“A seller and landlord disclosure regime should be implemented to establish required disclosures related to the sale and rental of property in Queensland.”

The institute also called for clearer guidelines on existing legislation.

“Auction properties and properties to be sold without a price [need to] be clarified in the new legislation. The REIQ expressed the view that no price guides or price representations should be permissible when marketing and/or promoting residential property that is to be sold by auction or with no price.”

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
Industry supports Queensland PAMDA split
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?