Authority Update - Consumer Property Law Review

Estate agents and conveyancers: Options for reform

The Victorian Government is seeking your views on potential changes to legislation governing estate agents and conveyancers.

An options paper has been released setting out a range of possible reforms to the Estate Agents Act 1980 and the Conveyancers Act 2006.

View the options paper here

The paper presents a package of reform options, including in the following areas:

  • the definitions of 'estate agent' and 'conveyancing business
  • training, work experience and professional development requirements for estate agents and conveyancer
  • conduct requirements for estate agents and conveyancers
  • compliance measures
  • trust account provisions
  • administrative and institutional arrangements, and
  • general modernisations.

For many issues, alternative options are presented. In other cases, a stand-alone option (or options) dealing with a single issue is presented. You can provide your views on the options paper until 16 May 2017.

For more information please visit the consumer affairs webpage at www.consumer.vic.gov.au/public-consultations-and-reviews

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Disclaimer: The information herein has been prepared by SAI Global Property Division Pty Ltd ACN 089 586 872 from information released by the Authority cited on this page. It is provided as general background information only; it is not complete; and it does not comprehensively address this subject matter. Readers should not consider the information so provided as advice nor as a recommendation to take any particular course of action. Persons needing advice should consult their own solicitor, accountant or other professional adviser.