Progress made with off-the-plan sales commission (WA)
Taken from REIWA Member News
[REIWA's] advocacy work has seen progress on the issue of early commission payments for off-the-plan sales transactions.
In May 2015, [REIWA] lodged a submission with the Department of Commerce proposing changes to the REBA Act to allow early payment of commissions for these transactions.
[REIWA] are pleased to advise [they] have made significant progress.
The Acting Commissioner has informed [REIWA] that he agrees with the submission’s proposal. He is now in the process of seeking approval to draft a Bill to make the required amendments to allow early payment of commissions under the REBA Act.
[REIWA stress not to] change your business practices. This is a work in progress and [they] will keep [us] updated as to when the Bill may be presented to Parliament and the timing for any changes to the Act.
Source: www.reiwa.com.au - 16 June 2015
Saraceni Real Estate would like to thank REIWA for their great work.