Year in review: January to March

Year in review: January to March

23 December 2014 by Nick Bendel 0 comments

The first quarter of 2014 was a mixed bag for agents across the nation, with some doing battle in the courts and others devising ingenious ways to boost business.

The year started on a gloomy note, with the former director of a property group losing his bid to renew his real estate licence after being found guilty of breaching the Fair Trading Act.

In Queensland, an audit by the Fair Work Ombudsman found that 18 per cent of real estate industry employers had failed to comply with regulations on staff pay agreements.

However, the authorities looked kindly on a WA real estate agency, finding it not guilty of false and misleading advertising.

Free-to-list portal Homely revealed that more than 2,000 real estate offices had signed up, with 100,000-plus properties registered during the first two months of its existence.

SA’s government delivered good news of its own when it legislated to allow property transactions to be made electronically.

One Melbourne real estate agent also did something innovative, taking out a patent on a new method of sale that combines the flexibility of a private sale with the transparency of an auction.

More creative business tactics were displayed by agency Biggin & Scott Knox, which revealed that their entire sales team heads to a bistro every morning for two-hour prospecting sessions.

Finally, Brisbane firm Harcourts North Lakes attempted to rev up business by giving clients a post-settlement gift they would never forget – purchasing a Lamborghini for them to drive.

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2016

With a combined sales volume of $13 billion in 2016, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
William Phillips on how agents can expand their database and grow their business

Get up close and personal with the best real estate sales agents in Australia in Secrets of the Top 100 Agents. ...

View all podcasts

Are dodgy agents being punished enough?

Yes (8.6%)
No (55%)
Only in some states (2.3%)
Not all dodgy agents are being found out (34.1%)

Total votes: 220
The voting for this poll has ended on: April 15, 2017
upcoming events
REB Awards
Sydney The Event Centre 12 Sep
REB Awards
Sydney The Event Centre 12 Sep
Melbourne The Event Centre 14 Oct
Brisbane The Event Centre 18 Dec
View all events
Do you have an industry update?