Hefty fines for real estate agents who don’t divulge inspection reports

  • Real estate agents face fines of up to $4400 if they don’t reveal details of property inspection reports conducted on houses and units they are selling, under new regulations due to come into force from  August.

And, in a huge boost to property’s so-called “collaborative economy”,  agents when asked must tell potential purchasers whether the report was commissioned by the vendor or a prospective buyer.

READ MORE VIA DOMAIN.COM.AU

Fines

The new regulations are due to come into force at the beginning of August. Photo: Getty Images

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