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REISA continues its Gold Medal streak

13 Feb 14

As you are aware, after 1 March, real estate practitioners would have been required to supply the complete Form 1 (vendor’s statement) irrespective of the relevancy of particular items therein.

This change would have required the delivery of well over 70 pages to a purchaser.

REISA lobbied the Government hard to reverse this decision and to restore our members’ ability to omit non-applicable items.

The Government has agreed and REISA thanks it for its understanding and commitment to ensuring that real estate business is conducted as efficiently and effectively as possible.

Therefore members will – as before – have the choice of:

  1. Supplying only those items required to be included in the Form 1, or
  2. Supplying the entire Form 1 whether the particular items are applicable or not.

This is another tremendous touchdown from REISA and once again, a resounding acknowledgement of our status as the voice of real estate in South Australia.