Hundreds of underqualified real estate agents are exploiting a legal loophole that enables them to own and operate Victorian estate agencies after just five days training in New South Wales. The Real Estate Institute of Victoria has attacked the practice as a “blatant scam”,potentially exposing home buyers and sellers to unprofessional and incompetent agents. The [...]

THE Real Estate Institute of Victoria has dumped its plan to crack down on estate agents who use misleading price advertisements, claiming that at $7500 it was too expensive to implement. About 18 months have passed since the REIV board voted to ban ”price-plus” advertising, with the industry body promising a new code of conduct [...]