Beware - Scammers Targeting Perth Property Sales - Settlement industry bulletin 113

30 January 2024

Beware - Scammers Targeting Perth Property Sales

Consumer Protection is reminding the real estate and settlement industry that identity validation checks are a mandatory part of the sales process, following reports of vacant Western Australian land and property being targeted by scammers using fake ID documents.

Commissioner Tim Banfield wants agents to be on ‘high-alert’ of suspicious activity and says Consumer Protection can prosecute if agents fail to adhere to their Codes of Conduct.

Beware - Scammers Targeting Perth Property Sales - Real estate industry bulletin 273

30 January 2024

Beware - Scammers Targeting Perth Property Sales

Consumer Protection is reminding the real estate and settlement industry that identity validation checks are a mandatory part of the sales process, following reports of vacant Western Australian land and property being targeted by scammers using fake ID documents.

Commissioner Tim Banfield wants agents to be on ‘high-alert’ of suspicious activity and says Consumer Protection can prosecute if agents fail to adhere to their Codes of Conduct.

It's trust account audit time! - Real estate industry bulletin 272

22 January 2024

It's trust account audit time!

January is the perfect time to start preparing and referring last year’s trust account information to your auditor so the 2023 audit report can be delivered by the end of March, as required by the Real Estate and Business Agents Act 1978 (WA) ('REBA Act').

Do I need to be audited?

The REBA Act requires all individuals, body corporates or firms (partnerships) that held a current triennial certificate in 2023 to have their trust accounts audited by an approved auditor.

Odometer Adjustment Declaration publication - Motor vehicle industry bulletin 19

18 January 2024

Odometer Adjustment Declaration publication now live

Due to growing concerns from industry and the community about odometer tampering, Consumer Protection and the MTAWA have produced an Odometer Adjustment Declaration to be used to ensure consumers fully understand the history of the vehicles they purchase.