Encyclopaedia

Agent Complaints

If you have a complaint about an estate agent don't keep it to yourself. We have launched a powerful consumer tool we have launched. It's called The Australian Real Estate Blog.

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Adverse Possession

This is an old doctrine that says, basically, that where a trespasser remains in possession of land for a period of time (generally 15 years) then that person acquires ownership of the land.

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Offer

For the average consumer, the term offer has a simple and straight-forward meaning. However, when applied to the law of Contract, it has a very specific meaning. The confusion between these two meanings is often manipulated, and used against consumers.

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Agency – What it means

Most people have some understanding of the terms "agent" or "agency". But when it comes to determining the roles and responsibilities of agents in real estate transactions, a great deal of confusion arises. In this section we explain the difference between an "estate agent" and the role of "agent".

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Deposits

The standard 10% deposit is usually payable when a contract is signed, but is often postponed for 3 to 7 days. Many purchasers of real estate mistakenly believe that the deposit will be paid by their lender. It later comes as a surprise for them to learn that the lender, having granted "pre-approval" for the home loan, will not pay any loan moneys until the loan has been unconditionally approved.

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