Queensland has embarked on a new era for property and contracts. On 1 December 2014 the new Property Occupations Act (POA) came into play, making some dramatic changes. These changes are expected to reform and streamline the way contracts are formed, and will simplifythe inevitable procedures that always accompany the formation of contracts.
The changes also mark a new era for real estate agents with the removal of the cap on commissions, and they’re no longer obliged to disclose to buyers their agreed commissions. It has been more than 10 years since the last reforms in Queensland.
The Property Occupations Act
Selling property generally
The main changes are:
1. PAMD Form 30C and the BCCM Form 14…
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