Not exact matches
Real
estate agents are confident that Australian Prudential
Regulation Authority's easing of lending restrictions on investors will also bring back buyers.
After the Real
Estate (
Regulation and Development) Act, 2016 (the «Act») was partially implemented in May 2016, it was incumbent on the states to draw up the rules for their respective states for carrying out the purpose of the Act and establishing the regulatory
authority.
We maintain close working relationships with governmental
authorities and the primary developers of the region, enabling us to provide advice with valuable local knowledge and insight into existing and planned real
estate laws,
regulations and practices.
The
regulation, which HUD has the
authority to implement after July 31, would also place confusing requirements on joint ventures and other partnerships between real
estate and settlement companies.
Under these circumstances, should a Provincial
Authority amend a
Regulation or Bylaw to conform to what CREA had agreed to, it would call into question whether the Real
Estate industry was being regulated, or if the Real
Estate industry was regulating the Provincial Regulators!
The Council has
authority under the Real
Estate Services Act, Regulation, Rules and Bylaws to investigate the conduct and competence of licensed real estate professi
Estate Services Act,
Regulation, Rules and Bylaws to investigate the conduct and competence of licensed real
estate professi
estate professionals.
This long history of service no doubt assisted the government in making decisions with respect to the level of
authority that the Council was to be given under the Real
Estate Services Act, including the shift to self -
regulation, rulemaking ability, and the introduction of licensing for strata managers.
Local
regulations generally require additional disclosures by the parties to a real
estate transaction or their agents or brokers, or the receipt of reports or certifications, often from the local governmental
authority, prior to the closing or settlement of a real
estate transaction as well as prescribed review and approval periods for documentation and broker conditions for review and approval.