{"id":43297,"date":"2023-06-22T09:31:58","date_gmt":"2023-06-21T21:31:58","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=43297"},"modified":"2023-06-22T09:31:58","modified_gmt":"2023-06-21T21:31:58","slug":"real-estate-agent-misguide-buyers-unveiling-unethical-practices","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/real-estate-agent-misguide-buyers-unveiling-unethical-practices\/","title":{"rendered":"Real Estate Agent Misguide Buyers: Unveiling Unethical Practices"},"content":{"rendered":"<p><strong>PHOTO: Property buyers are told to do their due diligence, but even the most careful can end up with a home that&#8217;s riddled with problems.<\/strong><\/p>\n<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-qksxf-79elbk h-full dark:bg-gray-800\">\n<div class=\"react-scroll-to-bottom--css-qksxf-1n7m0yu\">\n<div class=\"flex flex-col text-sm dark:bg-gray-800\">\n<div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-[#444654]\">\n<div class=\"flex p-4 gap-4 text-base md:gap-6 md:max-w-2xl lg:max-w-[38rem] xl:max-w-3xl md:py-6 lg:px-0 m-auto\">\n<div class=\"relative flex w-[calc(100%-50px)] flex-col gap-1 md:gap-3 lg:w-[calc(100%-115px)]\">\n<div class=\"flex flex-grow flex-col gap-3\">\n<div class=\"min-h-[20px] flex flex-col items-start gap-4 whitespace-pre-wrap break-words\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>In summary, property buyers in Tasmania often have to make an offer on a property before they can have it inspected for potential defects, which can lead to unpleasant surprises. Building inspectors are calling for industry regulation and licensing for those conducting pre-purchase inspections. Several individuals have shared their experiences of buying properties with undisclosed problems.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"VAD3jksX0G\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/sydney-real-estate-agents-spiral\/\">Sydney real estate agent\u2019s spiral<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cSydney real estate agent\u2019s spiral\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/sydney-real-estate-agents-spiral\/embed\/#?secret=X7AoFkdDyU#?secret=VAD3jksX0G\" data-secret=\"VAD3jksX0G\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n<p>One buyer, Faye, made a verbal offer of $1.7 million on a designer house but later discovered significant structural issues, including rotted-out timbers. The real estate agent downplayed the inspector&#8217;s report and suggested that a handyman could handle the repairs. Faye expressed her disappointment with the lack of ethics displayed by real estate agents and emphasized the need for accountability in the industry.<\/p>\n<ul class=\"ContentAlignment_marginBottom__jDkGS ContentAlignment_overflowVisible__1Fb_1 List_unordered__TB6BG\" role=\"list\" data-component=\"List\">\n<li class=\"\" data-component=\"ListItem\"><strong>In short:\u00a0<\/strong>Property buyers are told to do their due diligence, but even the most careful can end up with a home that&#8217;s riddled with problems.<\/li>\n<li class=\"\" data-component=\"ListItem\"><strong>What&#8217;s next?\u00a0<\/strong>Building inspectors want the industry regulated and those undertaking pre-purchase inspections to be licensed.<\/li>\n<\/ul>\n<p>Janet, another buyer, purchased her dream home only to find out later that two-thirds of the building on the property were illegal. Despite checking with the local council before the purchase, she received a letter weeks later stating that four of the buildings did not have permits. Janet felt betrayed, believing she had acted in good faith and deserved more transparency from the council.<\/p>\n<p>Jade, who bought a house based on a five-star inspection report, discovered significant issues after moving in, such as leaking ceilings, windows, and a balcony that could potentially collapse. The repairs cost her an additional $400,000. She faced challenges in holding the inspector accountable due to contract clauses relieving them of responsibility for defects not noted in their report.<\/p>\n<div class=\"ContentImage_ratio__RsS6M\">\n<div class=\"AspectRatio_container__4U_vR\" data-component=\"AspectRatioContainer\"><img decoding=\"async\" class=\"Image_image__ZCYel ContentImage_image__RAjlP\" src=\"https:\/\/live-production.wcms.abc-cdn.net.au\/d02793845ebbeb0f258acf87da2a63da?impolicy=wcms_crop_resize&amp;cropH=412&amp;cropW=309&amp;xPos=0&amp;yPos=3&amp;width=862&amp;height=1149\" sizes=\"100vw\" alt=\"An inspection report showing rotting floor.\" data-component=\"Image\" data-lazy=\"true\" \/><\/div>\n<\/div>\n<p><em><strong>The building inspection report shows floor is rotting under a bathroom.<cite class=\"Typography_base__k7c9F Figure_citation__VRbQX Typography_sizeMobile12__d1m0s Typography_lineHeightMobile20__akKiV Typography_regular__Aqp4p Typography_colourInherit__xnbjy Typography_letterSpacedSm__oprIk\" data-component=\"Figure__cite\">(<span class=\"Typography_base__k7c9F image_byline__7WNBs Typography_sizeMobile12__d1m0s Typography_lineHeightMobile24__xwyV0 Typography_regular__Aqp4p Typography_colourInherit__xnbjy Typography_letterSpacedSm__oprIk\" data-component=\"Byline\"><span class=\"Typography_base__k7c9F Typography_sizeMobile12__d1m0s Typography_lineHeightMobile20__akKiV Typography_regular__Aqp4p Typography_colourInherit__xnbjy Typography_letterSpacedSm__oprIk\" data-component=\"Text\">Supplied<\/span><\/span>)<\/cite><\/strong><\/em><\/p>\n<p>Forensic engineer Michael O&#8217;Halloran raised concerns about building inspectors providing superficial reports that miss crucial faults. He suspected collusion between inspectors and real estate agents to downplay or defer assessment of serious structural issues until after the sale. Despite bringing these concerns to the Minister for Workplace Safety and Consumer Affairs, he felt that his efforts were met with only lip service and no meaningful intervention took place.<\/p>\n<p style=\"text-align: center;\"><strong><em>&#8220;All my enthusiasm for that property has gone down the gurgler, I&#8217;m afraid,&#8221; she said.<\/em><\/strong><\/p>\n<p>Overall, these experiences highlight the need for stronger regulations and accountability in the real estate industry in Tasmania to protect buyers from purchasing properties with hidden defects.<\/p>\n<p>SOURCE: <a href=\"https:\/\/www.abc.net.au\/news\/2023-06-22\/the-cost-of-navigating-the-buyer-beware-property-market\/102468732\">ABC<\/a><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"9Zwut76J7x\"><p><a href=\"https:\/\/propertynoise.co.nz\/au\/billionaire-mike-cannon-brookes-adds-to-sydney-property-portfolio-now-240m\/\">Billionaire Mike Cannon-Brookes adds to Sydney property portfolio, now $240m+<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content lazyload\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cBillionaire Mike Cannon-Brookes adds to Sydney property portfolio, now $240m+\u201d \u2014 Property News Australia\" data-src=\"https:\/\/propertynoise.co.nz\/au\/billionaire-mike-cannon-brookes-adds-to-sydney-property-portfolio-now-240m\/embed\/#?secret=HmZzZ8Sa0E#?secret=9Zwut76J7x\" data-secret=\"9Zwut76J7x\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" data-load-mode=\"0\"><\/iframe><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><button class=\"cursor-pointer absolute right-6 bottom-[124px] md:bottom-[120px] z-10 rounded-full border border-gray-200 bg-gray-50 text-gray-600 dark:border-white\/10 dark:bg-white\/10 dark:text-gray-200\"><\/button><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Property buyers are told to do their due diligence,<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/real-estate-agent-misguide-buyers-unveiling-unethical-practices\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":38863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478125538,478125539,478125541,478098519,478125543,478125540,478125542,478100001,478098511,478098509],"class_list":["entry","author-data123nz","post-43297","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-designer-house","tag-five-star-inspection-report","tag-forensic-engineer","tag-home-ownership","tag-inspector","tag-michael-ohalloran","tag-minister-for-workplace-safety-and-consumer-affairs","tag-property-buyers","tag-real-estate","tag-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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