Rising angst

Article Abstract:

The Australian Securities and Investments Commission (ASIC) has instituted regulations regarding the management of real estate investments that the real estate industry is opposed to. The regulations require that a real estate investment organization be a public company, register its investment scheme, and write a prospectus. The government has indicated that it may require some real estate professionals to hold a financial advisory license. The regulations come in response to real estate developments that advertise for investors.

Real estate agents, Real estate agents and brokers

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Buyers beware

Article Abstract:

A land-mark test case is being run by the Australian Competition and Consumer Commission in Queensland's Federal Court, to prove a conspiracy between myriad parties in a classic Gold Coast property transaction. The Commonwealth, the highest-profile bank in Australia, is accused of misleading, unconscionable and deceptive conduct.

Legal issues & crime, Government regulation (cont), Government regulation, Legal/Government Regulation, Company legal issue, Cases, Cover Story, Powers and duties, Conveyancing, Australia. Competition and Consumer Commission

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Virtual realty

Article Abstract:

Research groups RedSheriff and Hitwise both recorded an explosion in the number of visitors to the real estate web sites over the past three years in 2003 in Australia. The chairman of a leading Sydney real estate company feels that the net is an incredibly cost-effective distribution channel and the cheapest advertising option.

General services, Sales & consumption, Other Activities Related to Real Estate, REAL ESTATE, Real Estate Services, Company Web site/Web page, Web sites (World Wide Web), Company systems management, Information management, Web sites, Web site/Web page development, User statistics

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