REIWA does not supply any guidelines as to the level of fees that could be paid to a real estate and/or business agent for their service. REIWA does not monitor the fees charged by its members. Further, it could be deemed a breach of the Trade Practices Act for REIWA to be suggesting what fees could be suitable. The level of fees are set by market forces and REIWA therefore can only suggest that prospective users of real estate agent's services should compare fees and the level of service offered by several real estate agents.

Government regulations do not fix fees charged by real estate agents.The level of fees is by agreement between the real estate agent and his principal. The fee will be dependent upon the quality and quantity of the services that the principal requires and are appropriate to the property for sale.The aim is to ask for and receive those services that you are most comfortable with, and those which are most likely to find a buyer or tenant for your property in a reasonable period of time, at a reasonable cost, and at the best possible price.

Strata title originated in Australia and is a means whereby ownership in part of a building is held or transferred. A strata tiltle is most often used in the case of home units or block of flats although its use is increasing in the case of commercial office property.Land comprises as well as fixtures, the strata below and above the surface of the land. The fact that land includes airspace above the surface is the concept which underlies the modern strata title.A strata plan of subdivision also divides the airspace above the surface, ie it divides vertically as well as horizontally. The strata plan of subdivision is in fact a plan of the home unit building.Common Property is owned by a body corporate created by the legislation and comprising of all the lot owners.

This is a standard agreement prepared by the REIWA whereby the owner agrees to allow the tenant to occupy the owners property under specified terms and conditions.

the Agreement specifies:

The identity of the tenant, the owner, and the property

The type of tenancy- fixed or periodic

The amount of the rent, and when it will be paid

How many people are permitted to occupy the premises

If pets are permitted

Who is to pay for water consumption

The amount of the security bond

Any special conditions that have been agreed between the owner and the tenant

The Agreement further addresses the rights and obligations of the tenant and the owner.

To be eligible:

At least one of the applicants must be an Australian citizen or have permanent residency in Australia. None of the applicants must have previously owned a home anywhere in Australia. Applicants must occupy the home purchased as their principal place of residence. If an applicant's spouse or de-facto partner has previously owned a home, no grant will be available. Except in the case of legal disability, applicants must be natural persons (that is not a company). Everyone with an interest in the home is considered an applicant.