REIQ Best Practice Guidelines v03.23 - Flipbook - Page 63
iii.
the structural integrity of the property
or whether any latent or patent defects
exist at the property;
iv.
if the property is suitable for the
Client’s purpose, if the property has all
required approvals or if there are any
outstanding notices or limitations on
planning schemes;
v.
the history of the property, if the
property is stigmatised;
vi.
any matters with respect to a Body
Corporate or community titles scheme;
vii.
the likelihood of events which may
effect the property such as flooding,
bushfires, environmental events; and
viii.
what utilities are connected at the
property.
10. ADVICES
Member Buyer’s Agents should recommend that
their Client to seek legal advice and financial
advice prior to entering into a contract of
sale, to:
(a) identify the correct legal entity name and
details for the buying entity of the property;
(b) ensure the Client has sought the appropriate
tax and financial planning advice they may
require;
(c) provide any special conditions a buyer may
require in a contract for Sale for their specific
circumstances; and
(d) provide advice about any other legal issues and
matters arising under the contract.
REIQ BEST PRACTICE GUIDELINES
V08.23
Read about the role of a
Buyer’s Agent compared to a
Buyer’s Liaison or Manager
11. INSPECTIONS
Subject to Client instructions, Member Buyer’s
Agents:
(a) should attend open homes or private
inspections of a property on behalf of their
Client;
(b) should make reasonable enquiries at an initial
inspection about the property including the
age and conditions of the property, fixtures
and fittings and identifying features of the
property such as car parking, air-conditioning,
location and number of bathroom facilities,
what chattels are included, if there is a solar
system, pool, security features;
63
