Ep.114 (Part 2) | How One Punch Turned Into A Property Empire - Chat with Brad Teal, Director of Brad Teal Real Estate
Summary: Following on from <a href="http://www.thepropertycouch.com.au/ep114-brad-teal-part-1/" target="_blank" rel="noopener noreferrer">Part One</a>, the second part with Brad Teal focused on Victoria’s new underquoting laws that came into effect on the 1st May 2017. For those new to the real estate industry, underquoting as defined by the <a href="https://www.consumer.vic.gov.au/" target="_blank" rel="noopener noreferrer">Consumer Affairs of Victoria</a> is: Underquoting can occur when a property is advertised at a price that is less than the estimated selling price, the seller’s asking price, or at a price already rejected by the seller. You can learn more about this <a href="https://www.consumer.vic.gov.au/businesses/licensed-businesses/estate-agents/running-your-business/advertising-and-representations/understanding-underquoting" target="_blank" rel="noopener noreferrer">new regulation here</a>.<br> So for this part, the three of them discussed:<br> <br> * How was this new underquoting law introduced and the logic behind it<br> * What changes will the <a href="http://www.thepropertycouch.com.au/ep002-regulation-vs-education/" target="_blank" rel="noopener noreferrer">new regulation</a> impose on the real estate industry and will it be introduced to the other states<br> * Traits of a good selling agent and the research that a vendor can conduct<br> * The different demands on certain property type in different market<br> * What does he think about the <a href="http://www.thepropertycouch.com.au/ep99-investing-late-life-selling-home/" target="_blank" rel="noopener noreferrer">buy and hold strategy</a><br> * What success mean to him<br> <br> <br> ps: And if you are interested in Ben’s “Did You Know” Facts, <a href="https://www.rentcafe.com/blog/renting/renting-in-the-top-financial-centers-of-the-world/" target="_blank" rel="noopener noreferrer">click here</a>.<br> If you like this podcast: “How One Punch Turned Into A Property Empire – Chat with Brad Teal, Director of Brad Teal Real Estate”, don’t forget to rate us on our iTunes channel (<a title="The Property Couch - An Insider's Guide to Property Investing in Australia" href="https://itunes.apple.com/au/podcast/the-property-couch/id969904333">The Property Couch Podcast</a>) and our <a title="The Property Couch Facebook page" href="https://www.facebook.com/ThePropertyCouch">Facebook page</a>. If you have any questions or ideas, feel free to drop us your thoughts here: <a title="New topics for The Property Couch" href="http://www.thepropertycouch.com.au/topics/">http://www.thepropertycouch.com.au/topics/</a><br>
