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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Legal changes create free-for-all: REIV

By Michael Crawford
27 October 2014 | 1 minute read

The Real Estate Institute of Victoria has slammed the Victorian government over changes to licensing for commercial agents managing large property transactions across the state, believing amendments have the potential to open up consumers and small business to dodgy deals and unethical operators.

The Victorian government last week announced it will remove licensing requirements for agents selling and leasing commercial property valued above $15 million.

REIV chief executive officer Enzo Raimondo said the REIV is mounting a campaign to make the public fully aware of the associated risks.

“It will be a free-for-all,” Mr Raimondo said.

“Agents dealing in commercial and industrial transactions below $15 million will be licensed, while others won’t.

“To date, those looking to buy, sell or lease commercial real estate have had the benefit of negotiating these transactions with skilled, licensed practitioners who are bound by professional qualifications, training and codes of conduct."

The changes will come into effect in July 2015. Mr Raimondo said the changes make for the “most illogical ill-thought-out policy statement to impact the industry in years “.

 

Legal changes create free-for-all: REIV
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.