Real estate agent refunds GST on commission.

0 Comments | M2 Presswire, August, 2002

M2 PRESSWIRE-16 August 2002-ACCC: Real estate agent refunds GST on commission (C)1994-2002 M2 COMMUNICATIONS LTD RDATE:08162002 An Adelaide real estate agency, Golden Way Realty, has agreed to offer a refund to customers who may have been misled over the agent's professional fee or commission, after Australian Competition and Consumer Commission intervention.

It was alleged that some of the sales agency agreements entered into by the firm had failed to clearly disclose to property vendors that Goods and Services Tax was applicable and would be charged in addition to the quoted fee. The sales agency agreements related to property sales, and to professional fees collected, from July 2000. The ACCC investigation found that five customers had...