29 January 2016
As outlined in e-bulletin issue 53, the regulation of fees will cease as of 3 February 2016. Settlement agents are able to determine the fee structure to charge their client for services in executing settlement transactions. A new fee disclosure rule will also be included in the Settlement Agents’ Code of Conduct 1982.
As of 3 February 2016, regulation of fees has ceased. Settlement agents are now able to determine what fee to charge their client for their services in executing the transaction.
25 January 2016
Following consultation with industry in 2014, the Minister for Commerce has announced the scale of maximum fees for settlement agents will be removed.
From Wednesday 3 February 2016, regulation of fees will cease. Settlement agents will be able to determine what fee to charge their client for their services in executing the transaction.
25 January 2016
Following consultation with industry in 2014, the Minister for Commerce has announced the scale of maximum fees fixed for land valuers will be removed.
The model rules are a standard set of rules that have been developed for use by associations who do not wish to develop their own rules. These rules meet all the requirements of the Act and provide a suitable governance framework for an incorporated association.
If your association chooses to use the model rules the only details you need to provide are:
It has been a very eventful 12 months for the Associations Branch of the Department of Commerce:
New laws have been passed which are aimed at helping incorporated associations in WA operate more efficiently by providing them with a clearer framework in which to operate.
11 December 2015
A real estate agent has had his licence and triennial certificate cancelled by the State Administrative Tribunal (SAT) and is banned from holding a licence for five years after providing false information in his original application.
Gary James Douglas of Tuart Hill was granted a real estate agent’s licence and triennial certificate on 16 January 2015 but action to have the licence cancelled was commenced by Consumer Protection after it was discovered the information contained in his application was false.
The application contained:
14 December 2015
A Perth real estate agency is believed to have lost more than $45,000 in an elaborate accommodation scam which also involved them organising a Greek interpreter for a fictitious wedding.
The agency, which deals with short-term and long-term holiday rentals, received a call last month from a man claiming to be from England requesting to book one week’s accommodation for a wedding party of eight people. The man provided the name ‘Colonel Michael Warner’ – a name well known to Consumer Protection as one that is commonly used by Nigerian-based scammers.
