WebSince solicited rent bidding was banned last year, more than 300 agents have been found to have potentially breached the rules. All have been given warning notices. NSW Fair … WebSince solicited rent bidding was banned last year, more than 300 agents have been found to have potentially breached the rules. All have been given warning notices. NSW Fair Trading will now ...
March 2024 Newsletter — The Australian Real Estate Training …
WebNew rules for rent bidding. From 17 December 2024, real estate agents in NSW will not be allowed to invite or solicit an offer for rent that is higher than the amount advertised for the property. ... Tenants can apply to Fair Trading to investigate whether the landlord has failed to provide and maintain the property in a reasonable state of repair. WebDec 12, 2024 · Agents will also be stopped from advertising a property without an exact amount specified. If a tenant is encouraged to increase their offer, they will be able to … how many carbs in prime drink
What you need to know about rent bidding Tenants
WebApplying to all rental listings from Saturday the 17th of December, the regulations will outlaw rent bidding – an act allowing for renters to offer an agent or landlord above the advertised price of the property in attempt to sway the landlords decision to choose them as a tenant. ... Minister for Fair Trading Victor Dominello believes the ... WebMar 8, 2024 · 8 March 2024. Newsletter snapshot: Site-wide discount code! Industry updates: WA agents may have their say on changes to real estate CPD, NSW Fair Trading inspectors to crack down on breaches in new rental bidding requirements.. Disciplinary action: Former WA real estate agent fined for personal use of trust account funds, … WebDec 5, 2024 · NSW’s major parties back rental law overhaul to stop agents taking above-listing offers. Real estate agents could be banned outright from accepting rental offers higher than the listed price, as ... how many carbs in prime rib serving