Can REA sell my property to their relative

Discussion in 'Legal Issues' started by Devvvy, 18th May, 2022.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Devvvy

    Devvvy Well-Known Member

    Joined:
    21st Jan, 2022
    Posts:
    63
    Location:
    Tasmania
    Can REA sell my property to a relative of theirs?
    It's a hyperthetical question.
    And what happens if they do,.is this legal?
     
    Devvvy, 18th May, 2022
    #1
  2. SeafordSunshine

    SeafordSunshine Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    1,002
    Location:
    Sydney
    They have to make an "agent Interest disclosure declaration"
    So the answer is yes , with provisos.
    I hope this helps
     
    SeafordSunshine, 18th May, 2022
    #2
    Stoffo likes this.
  3. Stoffo

    Stoffo Well-Known Member

    Joined:
    14th Jul, 2016
    Posts:
    5,330
    Location:
    In the Tweed
    Not that you might know, particularlyif they have a different surname, but yes easily done.
    You would just need to ensure you are happy with the price (Not talked Down from market value).
    Always do yoir own due diligence (it's not just buying that you need to do this !).
     
    Stoffo, 18th May, 2022
    #3
  4. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,517
    Location:
    Sydney
    Simple. No. The legal owner must agree and sign any contract. Therefore you sell not them. Real estate agents facilitate that. You can always refuse to sell.
     
    Paul@PAS, 20th May, 2022
    #4