Queensland introduces reforms to real estate sector
Buying and selling a house in Queensland is now easier than ever after the government introduced changes to the system this week.
Announcing the reforms yesterday (October 23), state attorney-general Jarrod Bleijie said the updated Property and Motor Dealers Act will simplify the process of buying and selling property across the state.
"Consumers are often overwhelmed by pages of paperwork so they just sign on the dotted line without reading the fine print, which can be dangerous," Mr Bleijie explained.
"These changes will simplify the process for consumers, while ensuring their rights are protected, and also make life easier for the industry."
Mr Bleijie said the previous system, which involved a number of duplicated documents, was confusing and costly.
Processes will also be streamlined and licensing categories will be consolidated to make practices easier for property agents, saving home buyers and sellers cash as a result.
"Currently there are nine licence categories for property agents, but under the split there will be just three with pastoral house licences into real estate agent license," Mr Bleijie explained.
The split of licenses will also include a red tape reduction review that makes sure the changes are modernised.