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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Mar 28, 1966
Page
5
Real Estate Institute Week explores the government role in real estate as Australians buy sell and rent properties. Canberra lawyers clarify local laws and ordinances for home buyers and renters, with Canberra members offering insights on the market’s growing pains.
In 1910 experienced agents formed an Institute to regulate real estate practice for public benefit. Today it includes about 2,140 agents and valuers. Members must subscribe to a Code of Fables and act in the best interests of clients while avoiding misleading advertising and concealment. Licensing requires examination in New South Wales. no ACT law existed at the time.
G A Hohnen reports that the Real Estate Institute of New South Wales aims to ensure public confidence by certifying licensees and mandating training. Canberra members, identified by Waratah emblem, uphold ethical standards and fair commission scales refined over 50 years, comprising a professional body in the capital.
Surveyors played a major role in Canberra development from 1999 onward. The text notes the Canberra site as a key focus for town planning and engineering design, with surveys required for land subdivision, water storage, dams, bridges, expressways, streets, and utilities. Advances include electronic distance measurement, radio wave tech, aerial surveying, stereoplotters, and computer plotting speeding plan preparation and approvals.
Members must observe a strict ethics code to ensure real estate practice is respected and trusted. They must maintain an established business with trained staff, handle clients' money through trust accounts, and comply with all articles governing relations with clients and the public.
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