Episode Details

Send us Fan Mail

Victoria’s auction rules are changing, and agents need to understand exactly what changes in practice.

In this session with REIV CEO Toby Balazs, you’ll learn about:

• The new Property Price Statement
• The seven-day reserve disclosure requirements
• What happens with pre-auction offers
• When a private sale can become a fixed-date sale, and 
• What vendors can and can’t do with their reserve on auction day.

You’ll also get practical guidance on paper trails, compliance, vendor bidding, offers prior to auction and the scenarios most likely to catch agents off guard.

Resources:
- Real Estate Institute of Victoria (REIV)
- Victorian Consumer Affairs (CAV) Guidelines and Resources

**Disclaimer:** This content is for general educational purposes only and does not constitute legal, financial or professional advice. Information and opinions were current at the time of recording. Please verify all requirements with Consumer Affairs Victoria, the REIV or a qualified adviser before acting. To the extent permitted by law, Tom Panos Pty Ltd accepts no liability for any loss arising from reliance on this content.