Robert J Garvey, Solicitor

On 14 December 2007 regulations were gazetted relaxing the tighter restrictions and penalties imposed by the Legal Profession Act 2007 on persons practising law by preparing land contracts. Last year’s legal clampdown was the subject of a previous blog posting on this website: Agents may only fill in details. Once the implications of the new law, effective 1 July 2007, had percolated through real estate agent and property lawyer circles there was observable arousal and agitation. As it turned out, there was no appreciable enforcement action or change in behaviour, especially after an assuring e-mail from the REIQ to its members. The government has now acted as though to clarify its legislative drafting to remove an unintended effect and maintain the established practice of real estate agent contract drafting and formation.

Trackback This Post | Subscribe to the comments through RSS Feed