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REIQ welcomes inquest findings

By David Bell

The Real Estate Institute of Queensland (REIQ) has welcomed the findings of a coronial inquest regarding changes to the property industry.

The REIQ is looking forward to discussing the recommendations with relevant industry bodies and government departments.

Chief executive of the institute Anton Kardash says that many of the issues raised by the coroner have already been raised by the REIQ with the government.

He commented: "The institute has made ongoing representations to the government during the lead-up to the proposed review of the Property Agents and Motor Dealers Act about the need for the introduction of an appropriate disclosure regime for landlords, as implied in the coroner’s recommendations.

"Property managers are the intermediary between property owners and tenants and can often be perceived as having statutory responsibilities under the Residential Tenancies and Rooming Accommodation Act which in fact remain with the owner."

The findings were released in Rockhampton and investors in real estate in Rockhampton may welcome the recommendations.

Mr Kardash added that while it is currently voluntary to join the REIQ, he believes that it was in the best interests of all concerned if joining was compulsory.

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