Bank halts home sale: Buyer sues for extra $65k paid for house of “like-quality”

When Ai and Kris O’Neill signed a contract to buy a $360,000 residence at Ormeau, little did they know that the purchase price might not be enough to clear the (more…)

Seller recoups $2.1 million PAMDA loss on appeal

In May 2008 Kym Boylan sold her $5.5 million Nerang riverfront residence via Put & Call Option and last month finally recovered the $2.1 million (more…)

Inept pest notice blows waterfront buy: Agent’s personal payment no help!!!

Agents and solicitors were last week dealt a harsh lesson from the Supreme Court about the operation of residential finance and building & pest conditions and how not to (more…)

Discretion the better part of valour: red tape retreat as anxious agents await deregulation details

Agents can be forgiven for holding suspicions about the proposed deregulation of commissions and “reconsideration” of new industry regulation that was slated (more…)

Agent gets paid but sellers given opportunity to vent on “unfair” REIQ exclusive agency terms

Self-represented sellers who were ordered to pay Ray White Surfers Paradise a second commission on the sale of their home under an “unfairly drafted” exclusive agency (more…)

Agents in the gun again: new disclosure rules explained

Amendments to the Body Corporate and Community Management Act 1997 (BCCMA) that came into force on Thursday have again turned the Queensland real estate industry on its head (more…)

Luxury apartment uninhabitable: beaten buyer retorts with flood damage recision

As predicted, a disputed flood damage contract termination where a buyer alleges the property is uninhabitable, is already before the Supreme Court.

None other than Maris Dunworth, the Tennyson Reach buyer (more…)

Flooded homes under contract – seller’s race to fix may fail to halt fleeing buyers

The legal position in respect of homes under contract that can’t be repaired by the agreed settlement date is clear: a buyer may terminate if the property is “substantially unfit for occupation”. (more…)

Agent climbs mountain but fails to reach peak: Verbal side-agreement prevails over signed 22A; commission stated as % only ok

Agent Gaile Huskins agreed to a discounted $5,500 commission per townhouse sold in a sole agency arrangement for a small townhouse development in Zillmere, Brisbane. (more…)

Contract change not initialled. When can buyer walk away?

Every agent learns that amendments made to a contract after signing by a party must – to ensure contract validity – be returned to that party for initialing: Real Estate 101. (more…)

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