Strata Management
-
A Licensee-In-Charge of a property agency must prepare and maintain written procedures that ensure all communication during the provision of services under an agency agreement is with the owner of the property or the person with the legal right to act on the owner’s behalf. The procedures for these ongoing communications must ensure that agents only use contact details held on the property file which have been confirmed with the owner, and if changes are requested to these contact or bank details, that the changes are confirmed via an alternative contact method to the way in which the request originated with all parties to the agency agreement.
Rosy Sullivan | College Principal & Director
Australian College of Professionals - RTO 91513.
Subscribe to our channel for future content.
Please visit https://www.acop.edu.au for more information on our courses.
Like us on Facebook: https://www.facebook.com/AustCOP/
Follow us on LinkedIn: https://www.linkedin.com/school/australian-college-of-professionals/
Follow us on Twitter: https://twitter.com/College_Aus
Follow us on Instagram: https://www.instagram.com/austcop/
Music & Stock Video from: http://motionarray.com -
In response to the impacts of COVID-19 on the property sector, the NSW government has extended the grace period for penalties under the Act and its regulations until 1 April 2021. Simply, this means that the regulator of the property industry, NSW Fair Trading, have given agents an additional six months to get their agencies in order and ensure their compliance with the amendments to the legislation and they will not be issuing penalty infringements during this “warn and educate” period.
Rosy Sullivan | College Principal & Director
Australian College of Professionals - RTO 91513.
Subscribe to our channel for future content.
Please visit https://www.acop.edu.au for more information on our courses.
Like us on Facebook: https://www.facebook.com/AustCOP/
Follow us on LinkedIn: https://www.linkedin.com/school/australian-college-of-professionals/
Follow us on Twitter: https://twitter.com/College_Aus
Follow us on Instagram: https://www.instagram.com/austcop/
Music & Stock Video from: http://motionarray.com -
On 4th September 2020, Brad hazzard, Minster for Health and Medical Research announced that an exemption had been granted in relation to COVID-19 restrictions on gatherings and movement in respect to a place of residence. It stated that a person is exempt from the maximum 20 person requirement if they are at a place of residence for the purpose of viewing or inspecting the premises for the purposes of the sale or lease of that residence, or conducting or participating in an auction for that residence. Naturally, the exemption has the condition of requiring the occupier of that residence to take reasonably practical steps to ensure that the residence has and complies with a COVID-19 Safety Plan.
Rosy Sullivan | College Principal & Director
Australian College of Professionals - RTO 91513.
Subscribe to our channel for future content.
Please visit https://www.acop.edu.au for more information on our courses.
Like us on Facebook: https://www.facebook.com/AustCOP/
Follow us on LinkedIn: https://www.linkedin.com/school/australian-college-of-professionals/
Follow us on Twitter: https://twitter.com/College_Aus
Follow us on Instagram: https://www.instagram.com/austcop/
Music & Stock Video from: http://motionarray.com -
With the new Residential Tenancies Regulation which commenced on 23 March 2020, it is requirement that one point of contact for the landlord is contained in the Residential Tenancy Agreement. This is the case even if the landlord is using the services of an agent. It should be noted however, that for the section in the agreement that refers to the electronic services of notices, that the agent should use their own email address for the electronic service of notices, not the landlord’s email address.
Rosy Sullivan | College Principal & Director
Australian College of Professionals - RTO 91513.
Subscribe to our channel for future content.
Please visit https://www.acop.edu.au for more information on our courses.
Like us on Facebook: https://www.facebook.com/AustCOP/
Follow us on LinkedIn: https://www.linkedin.com/school/australian-college-of-professionals/
Follow us on Twitter: https://twitter.com/College_Aus
Follow us on Instagram: https://www.instagram.com/austcop/
Music & Stock Video from: http://motionarray.com -
The answer to this question is a resounding yes, in order to create and maintain a safe environment for your employees and customers. The NSW government has provided a template specifically for the real estate industry which can be found on their website at nsw.gov.au and then search for COVID-19 safety plan for auctions and open houses.
Rosy Sullivan | College Principal & Director
Australian College of Professionals - RTO 91513.
Subscribe to our channel for future content.
Please visit https://www.acop.edu.au for more information on our courses.
Like us on Facebook: https://www.facebook.com/AustCOP/
Follow us on LinkedIn: https://www.linkedin.com/school/australian-college-of-professionals/
Follow us on Twitter: https://twitter.com/College_Aus
Follow us on Instagram: https://www.instagram.com/austcop/
Music & Stock Video from: http://motionarray.com -
Scamwatch, through the ACCC, has seen a 55% increase in reports involving loss of personal information from last year, bring the numbers to more than 24,000 reports of scams and over $22 million in losses. The NSW Police Cyber Crime Unit has reported a rising number of property frauds involving the use of false bank accounts. In addition to the Fraud Prevention Guidelines, which are part of the Supervision Guidelines for property agents in NSW, it is important that agents always verify who they are dealing with. In addition to obtaining photo id and other information, including proof of property ownership at the commencement of a property transaction, any requested changes throughout the term of the agency agreement, should always be verified – and very often, a real live telephone call is the best way to do this.
Rosy Sullivan | College Principal & Director
Australian College of Professionals - RTO 91513.
Subscribe to our channel for future content.
Please visit https://www.acop.edu.au for more information on our courses.
Like us on Facebook: https://www.facebook.com/AustCOP/
Follow us on LinkedIn: https://www.linkedin.com/school/australian-college-of-professionals/
Follow us on Twitter: https://twitter.com/College_Aus
Follow us on Instagram: https://www.instagram.com/austcop/
Music & Stock Video from: http://motionarray.com -
Yes they have. The deadline for trust account audits for the year ending 30 June 2020 has been extended to 31 December due to the impact of COVID-19. All audits of trust accounts operated and managed by property agents in NSW must be completed and submitted online by the auditor through the Auditors Report Online portal. It is the agent’s responsibility to ensure that their auditor submits audits by the due date.
Rosy Sullivan | College Principal & Director
Australian College of Professionals - RTO 91513.
Subscribe to our channel for future content.
Please visit https://www.acop.edu.au for more information on our courses.
Like us on Facebook: https://www.facebook.com/AustCOP/
Follow us on LinkedIn: https://www.linkedin.com/school/australian-college-of-professionals/
Follow us on Twitter: https://twitter.com/College_Aus
Follow us on Instagram: https://www.instagram.com/austcop/
Music & Stock Video from: http://motionarray.com -
Due to COVID-19, there have been quite a few changes to tenancy laws. These legislative changes are temporary and for residential tenancies stated that they were for a 6 month period only – however the COVID-19 period will last longer than that (unfortunately). The new temporary legislation states that the new 90 day notice period applies when ending a fixed-term agreement, a periodic agreement or a tenancy because of breach of agreement other than for non-payment of rent or charges.
Rosy Sullivan | College Principal & Director
Australian College of Professionals - RTO 91513.
Subscribe to our channel for future content.
Please visit https://www.acop.edu.au for more information on our courses.
Like us on Facebook: https://www.facebook.com/AustCOP/
Follow us on LinkedIn: https://www.linkedin.com/school/australian-college-of-professionals/
Follow us on Twitter: https://twitter.com/College_Aus
Follow us on Instagram: https://www.instagram.com/austcop/
Music & Stock Video from: http://motionarray.com -
It is not so much a question of whether they should or should not – it is a question of what is legislatively required. Even if a landlord does not want a tenant to have their contact details, because the property is being managed by a real estate agent, it is a requirement of the Residential Tenancies Regulation 2019 that the tenant must be given the name of the landlord and at least one way for the tenant to contact the landlord directly. These details must be given to the tenant in writing before or when the tenant signs the tenancy agreement, or it can be included in the agreement.
Rosy Sullivan | College Principal & Director
Australian College of Professionals - RTO 91513.
Subscribe to our channel for future content.
Please visit https://www.acop.edu.au for more information on our courses.
Like us on Facebook: https://www.facebook.com/AustCOP/
Follow us on LinkedIn: https://www.linkedin.com/school/australian-college-of-professionals/
Follow us on Twitter: https://twitter.com/College_Aus
Follow us on Instagram: https://www.instagram.com/austcop/
Music & Stock Video from: http://motionarray.com -
You either love the concept of off-the-plan property or you hate it. Either way, if you are selling off-the-plan property as an agent, now is the time to sit up and take note. With the current economic environment, and many people have lost their jobs, those who have purchased properties off-the-plan may not be able to settle. For some people, when the bank undertakes its valuation of the property in order to finalise lending for that purchaser, it is likely in the current market that the valuation will be less than the original purchase price of the property. This leaves the purchaser with a shortfall in their available finances. Agents need to start communicating with any purchasers of off-the-plan properties right now, and get them to obtain advice from their brokers or accountants about their personal financial situation and the likelihood of them being able to settle.
Rosy Sullivan | College Principal & Director
Australian College of Professionals - RTO 91513.
Subscribe to our channel for future content.
Please visit https://www.acop.edu.au for more information on our courses.
Like us on Facebook: https://www.facebook.com/AustCOP/
Follow us on LinkedIn: https://www.linkedin.com/school/australian-college-of-professionals/
Follow us on Twitter: https://twitter.com/College_Aus
Follow us on Instagram: https://www.instagram.com/austcop/
Music & Stock Video from: http://motionarray.com -
An embedded network is a contract between an owners corporation of a strata scheme and an energy retailer to supply power to all of the properties within that specific development. Embedded electricity or gas networks are common in high density apartment buildings, strata schemes, residential land lease communities and residential villages. A property manager must disclose to a tenant before signing a tenancy agreement, if electricity or gas supplied to the premises is from an embedded network, as there is often little flexibility for a tenant when trying to choose energy suppliers.
Rosy Sullivan | College Principal & Director
Australian College of Professionals - RTO 91513.
Subscribe to our channel for future content.
Please visit https://www.acop.edu.au for more information on our courses.
Like us on Facebook: https://www.facebook.com/AustCOP/
Follow us on LinkedIn: https://www.linkedin.com/school/australian-college-of-professionals/
Follow us on Twitter: https://twitter.com/College_Aus
Follow us on Instagram: https://www.instagram.com/austcop/
Music & Stock Video from: http://motionarray.com -
As of 1st July 2020, the Uncontrolled Goods Act 1995 has been amended and now effectively takes on the responsibility and regulation of abandoned goods on strata common property from the Strata Schemes Management Act 2015. This means that the procedures that were covered under the SSMA are no longer relevant. If an owners corporation believes that goods on common property are abandoned, there are now specific procedures to follow for various categories of goods, including perishable goods, low value goods, medium value goods, high value goods, personal documents and motor vehicles.
Rosy Sullivan | College Principal & Director
Australian College of Professionals - RTO 91513.
Subscribe to our channel for future content.
Please visit https://www.acop.edu.au for more information on our courses.
Like us on Facebook: https://www.facebook.com/AustCOP/
Follow us on LinkedIn: https://www.linkedin.com/school/australian-college-of-professionals/
Follow us on Twitter: https://twitter.com/College_Aus
Follow us on Instagram: https://www.instagram.com/austcop/
Music & Stock Video from: http://motionarray.com