Property industry

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Rule 23 of the Licensed Valuers Code of Conduct states a licensed valuer shall maintain a risk management program. Risk management in the context of the land valuation industry requires an appreciation of best practice valuation practices and procedure. At minimum, risk management programs are...
Land valuers
A licence may be granted when an applicant can demonstrate they are of good character and repute, competent to carry out the duties of a licensed valuer and they meet the requirements of one of the following categories. Category 1 A Life Fellow, Fellow or Associate of the Australian Property...
Land valuers
Land valuers licensing, registration and code of conduct The land valuation involves inspecting the property, ascertaining legal ownership and the interest held and gathering relevant information such as the prices similar properties sell for. Other factors come into the valuation, such as the...
Land valuers
Settlement agents licensing, registration and code of conduct In Western Australia, there are two ways a person may arrange settlements or carry on business as a real estate settlement agent (individual, company, or partnership), or a business settlement agent (individual, company, or partnership...
Settlement agents and conveyancers
What is land valuation? The land valuation process involves inspecting the property, ascertaining legal ownership and the interest held and gathering relevant information such as the prices that similar properties sell for. Other factors come into the valuation, such as the saleability of the...
Land valuers, real estate and settlement agents
Remember, you don’t have to use an agent for everything. Some decide to pay a ‘letting fee’ and only use their agent to find a tenant and deal with the bond, while others use their agent to manage their property and/or collect the rent. No matter what you decide, ensure their experience matches...
Property management
If you are dissatisfied with the standard of conduct of a settlement agent, real estate agent or sales representative, the following course of action is recommended: Step 1: Contact the settlement agent, real estate agent or sales representative (or the real estate agent in control of the...
Land valuers, real estate and settlement agents
The Fidelity Guarantee Account helps provide financial reimbursement to people who suffer pecuniary loss or loss of property through the criminal or fraudulent actions of a licensed real estate or business agent, real estate settlement or business settlement agent or their employees in the course...
Land valuers, real estate and settlement agents
Settlement agents set their own fees which must be disclosed to the client in writing prior to entering into any agreement. Agents must not receive a fee above the disclosed amount unless there is a significant change in the scope of the work. Removing the cap and deregulating fees will allow...
Land valuers, real estate and settlement agents
Unless you are a suitably qualified lawyer, it would be very unwise to try to carry out the settlement of your own property. It's a complex and time consuming business, with many traps for the unwary. When you are buying a property, it is necessary for all the paperwork to be completed and all the...
Land valuers, real estate and settlement agents

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Publications

7 August Health and safety issue: mould, electrical safety & unsafe pool gate latches Don’t let mould take hold During the winter months, household mould can take hold. Aside from being unsightly...
Consumer Protection
Bulletin
08 Aug 2018
Change of auditor request - Settlement agent Lodging the application This application may be lodged via: Email: audits@dmirs.wa.gov.au ; Fax: (08) 6251 2801; or Post: Locked Bag 100, EAST PERTH 6892
Consumer Protection
Form – notification
29 May 2019
Application for renewal of a real estate and business agent triennial certificate - Individual Application for renewal of a real estate and business agent triennial certificate – Body Corporate...
Consumer Protection
Form – application
24 Jul 2018
19 July Homelessness Week event for landlords You are invited to hear a variety of speakers talking about action that landlords can take to prevent and respond to homelessness on 9 August 2018...
Consumer Protection
Bulletin
19 Jul 2018
16 July 2018 Considering buying a rent-roll? Buying a rent-roll can be an attractive way to grow your business. However, it can be a complex undertaking and a source of headaches down the road if not...
Consumer Protection
Bulletin
18 Jul 2018
Who needs to complete a reference A business reference is required when applying for a real estate or business agent licence. Business reference References from relatives/domestic partner,...
Consumer Protection
Form – notification
17 Jul 2018
Who needs to apply for a licence Any individuals , partnerships or companies wishing to operate as real estate or business agents in Western Australia are required, under the Real Estate and Business...
Consumer Protection
Form – application
30 Jul 2019
10 July 2018 Bond money must be lodged with the Bond Administrator no later than 14 days after you have received the money from the tenant. This includes any bond assistance loan money that may have...
Consumer Protection
Bulletin
11 Jul 2018
29 June 2018 Updated trust account handbook Consumer Protection recently updated the trust account handbook for settlement agents , to assist you with your trust accounting responsibilities. You...
Consumer Protection
Bulletin
02 Jul 2018
A real estate agent had his licence and triennial certificate suspended and the agency received a substantial fine over the misuse of a trust account. Read more about the agent, the suspension and...
Consumer Protection
Bulletin
02 Jul 2018

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Announcements

A property management company has been fined $5,000 for operating in Western Australia without a licence. Massland Asset Management Pty Ltd (company) had applied for a licence in 2013 and 2014. In both instances, the Commissioner for Consumer Protection requested further information to complete the process; the company however failed to respond. Despite not obtaining a licence and triennial...
Consumer Protection
Media release
09 Mar 2016
Former Perth unregistered painter Cody Raymond Williams , now of Umina Beach in New South Wales and sole director of Beyond Industries Pty Ltd trading as C&D Roofing , has again been successfully prosecuted by the Western Australian Building Commissioner and fined $20,000 for registration and contractual offences.
Building and Energy
Media release
24 Feb 2016
Bindoon man Maxwell Raymond Healy, the sole director of Solar H C Pty Ltd trading as Affordable Home Comfort (in liquidation), has been successfully prosecuted by the Building Commissioner for contractual offences the company committed in contracting for and carrying out home building work at properties in Baldivis, St James, Sawyers Valley and Hamersley.
Building and Energy
Media release
01 Mar 2016
· Fees charged by settlement agents and land valuers in WA to be deregulated · Competition and market forces will keep costs reasonable for consumers · Codes of conduct changes will ensure fee transparency and certainty From February 3, 2016, fees charged by settlement agents and land valuers will no longer be capped by the State Government. Commerce Minister Michael Mischin said it was no longer...
Consumer Protection
Media release
25 Jan 2016
A Karratha real estate agency has been reprimanded and fined $5,000 by the State Administrative Tribunal (SAT) for overcharging clients for property inspection and management fees. Seaville Holdings Pty Ltd , trading as First National Real Estate Karratha , was found to have charged the owners of four properties more than what was contracted for property inspection fees between December 2011 and...
Consumer Protection
Media release
19 Jan 2016
A Mandurah real estate agency, its licensee and property manager have been reprimanded by the State Administrative Tribunal for initially failing to take proper preventative measures after being targeted in an attempted property fraud. Peel Realty Pty Ltd , trading as Raine and Horne Mandurah , its licensee Peter Ronald Vetten and property manager Galinda Hodge were reprimanded for failing to...
Consumer Protection
Media release
24 Dec 2015
A real estate agency and its Directors have provided an undertaking to Consumer Protection over rental income guarantees contained in the advertising of certain properties for sale in Newman. Macro Realty Pty Ltd , located in East Victoria Park, and Directors Desiree Veronica MacPherson and Renee June Smith have entered into an enforceable undertaking with the Department to remove the guarantees...
Consumer Protection
Media release
22 Dec 2015
Perth roof repairer Stuart Anthony Hartigan, trading as Perth Roofing Solutions, has been successfully prosecuted by the Building Commissioner for contractual offences he committed in contracting for building work at a Maylands property in September 2014.
Building and Energy
Media release
14 Dec 2015
A Perth real estate agency is believed to have lost more than $50,000 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...
Consumer Protection
Media release
14 Dec 2015
A real estate agent has had his licence suspended for a year and has been fined $10,000 after being reprimanded by the State Administrative Tribunal (SAT) for mismanaging the agency’s trust accounts. This penalty took into account the eighteen months in which he did not perform the duties of a licensed agent immediately prior to the SAT decision. Steven Charles Webster , who was sole Director of...
Consumer Protection
Media release
11 Dec 2015

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