A preliminary study of the proposed national licensing system for property agents trust accounts

Antoniades, H

A preliminary study of the proposed national licensing system for property agents trust accounts

Antoniades, H

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Publisher:: PRRES
Publication Type:: Conference Proceeding
Citation:: 16th Pacific Rim Real Estate Society (PRRES), 2010, pp. 1 - 14
Issue Date:: 2010-01

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Field	Value	Language
dc.contributor.author	Antoniades, H https://orcid.org/0000-0003-0462-2221	en_US
dc.contributor.editor	NA	en_US
dc.date	2010-01-24	en_US
dc.date.issued	2010-01	en_US
dc.identifier.citation	16th Pacific Rim Real Estate Society (PRRES), 2010, pp. 1 - 14	en_US
dc.identifier.uri	http://hdl.handle.net/10453/16604
dc.description.abstract	Every State and Territory within Australia has a range of regulatory bodies to oversee consumer protection and the distinct licenses that comprise their regimes. In the case of property agents, licensing is managed under the auspices of individual state and territory Offices of Fair Trading. However, despite uniformity in the choice of regulator, the licensing provisions themselves are not uniformly designed, or enforced. This is particularly the case with respect to trust account regulations. More specifically, while each jurisdiction mandates compliance with trust account regulations, each jurisdiction has also enacted differing provisions, requirements and penalties. This lack of consistency is counter productive to the development of a seamless property market throughout Australia and can lead to inefficiencies and gaps in consumer protection. At the heart of these deficiencies lie broader issues concerning the type of governance that Australia should adopt with respect to its property sector.	en_US
dc.publisher	PRRES	en_US
dc.relation.ispartof	16th Pacific Rim Real Estate Society (PRRES)	en_US
dc.relation.ispartof	Pacific Rim Real Estate Conference	en_US
dc.title	A preliminary study of the proposed national licensing system for property agents trust accounts	en_US
dc.type	Conference Proceeding
utslib.location	Sydney, Australia	en_US
utslib.location.activity	Wellington, New Zealand	en_US
utslib.for	1202 Building	en_US
dc.location.activity	Wellington, New Zealand	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	open_access
pubs.consider-herdc	true	en_US
pubs.place-of-publication	Sydney, Australia	en_US
pubs.start-date	2010-01-24	en_US

Abstract:

Every State and Territory within Australia has a range of regulatory bodies to oversee consumer protection and the distinct licenses that comprise their regimes. In the case of property agents, licensing is managed under the auspices of individual state and territory Offices of Fair Trading. However, despite uniformity in the choice of regulator, the licensing provisions themselves are not uniformly designed, or enforced. This is particularly the case with respect to trust account regulations. More specifically, while each jurisdiction mandates compliance with trust account regulations, each jurisdiction has also enacted differing provisions, requirements and penalties. This lack of consistency is counter productive to the development of a seamless property market throughout Australia and can lead to inefficiencies and gaps in consumer protection. At the heart of these deficiencies lie broader issues concerning the type of governance that Australia should adopt with respect to its property sector.

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http://hdl.handle.net/10453/16604