Glossary
auction A way of selling real estate via a bidding process.
body corporate The body comprising all the unit owners within a multi-unit property (also known as owners corporation).
buyer’s advocate A real estate professional who works for a buyer to source properties for a fee.
buying off the plan Signing a contract to buy a property before it has been constructed.
commercial property A property used exclusively to conduct business.
common property Property within a strata scheme that is shared among tenants, such as driveways and foyers.
company title This applies when owners of units in a block form a company.
contract of sale A document that outlines the terms and conditions relating to the sale of a property.
cooling-off period ...
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