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REIQ disappointed by property law’s ‘premature’ parliamentary intro
Queensland’s peak actual estate physique has elevated numerous fears encompassing the state’s House Regulation Bill, which entered parliament last week. Beneath the legislation, billed as modernising Queensland’s assets legal guidelines, a vendor disclosure plan will be produced mandatory in the sunshine point out. That disclosure scheme will require “a seller of freehold land to disclose related information and facts to the purchaser in a solitary document alongside with any recommended certificates, such as a overall body company certificate, exactly where applicable,” in accordance to a govt statement. Genuine Estate Institute of Queensland (REIQ) chief executive officer, Antonia Mercorella, reported, “It’s alarming that the proposed legislation has been launched into Parliament…


