Queensland property reforms met with praise
The Queensland government’s decision to simplify residential property laws has been welcomed by the state’s peak real estate body.
The Real Estate Institute of Queensland (REIQ) said the reforms, which will see the Property Agents and Motor Dealers Act (PAMD Act) separated into four individual acts, will benefit the industry and consumers.
"A review of the PAMD Act in 2008 reported that consumers, the industry and fair trading officials found the legislation difficult navigate due to its breadth," REIQ chairman Pamela Bennett said on October 23.
"The simplification of the legislation will not only make life easier for all those who work in the real estate profession but will also provide significant benefits to consumers during the buying and selling process."
The changes are a major boon to Queenslanders planning to sell and buy property across the state, with less red tape making administrative processes less painful – saving time and money as a result.
Ms Bennett said the REIQ had worked alongside the government to facilitate change in the industry – helping to deliver a win for buyers, agents and sellers alike.