Professional Fees

Trade Practices Commission authorisation for the REI recommended maximum scale of fees for the sale of residential property ceased on 3 January 1996. From 3 January 1996, fees for the sale of all types of land and businesses are a matter for negotiation and agreement. The same position applies to the matter of marketing expenses. All Professional Fees for all services rendered by Members are a matter for negotiation and agreement taking into account the services and level of services agreed to be performed.