• Laura Racky

Top 5 issues Melbourne Real Estate Agents should call a lawyer about (but don’t!)


Real Estate Agents - you want to put all of your energy into your business – focus on sales, retaining and growing your property management portfolios and building your revenue. The last thing you want to do is head to a lawyer’s office where you expect they will charge you like a wounded bull, but still won’t understand you or your business. I get it.

If that’s the case, maybe you just haven’t found the best lawyer for you yet. If you need some help, check out my article for Kochie’s Business Builders about finding the best lawyer to work with your business - here.

Maybe the lawyers at llgold are the right ones for you. Here I discuss the top 5 issues we see Real Estate Agents facing that we know we can assist with – and brilliantly at that.

Think about making it a New Year’s Resolution to see lawyers as part of your team, on your side, and working with you to steady the ship and make sure all you ever need to focus on is growing your Real Estate Business.

1. Contracts and Agreements

Ever heard the expression ‘A stitch in time saves nine’? Well, the concept applies to contracts or agreements that seem straightforward. You could talk to us about a fixed price contract review - our lawyers can run their eyes over an agreement before you sign it up, so that we can point out things for you to think about. Or, on the flipslide, you can think you are saving money by not having us look at the agreement, sign it up and then end up with a contractual mess that will cost you significant time and money to be cleaned up.

2. Partnership/Shareholder Structures

The same goes for the documentation of agreements with your partners or fellow shareholders. You can’t let friendship be a hindrance to a well-documented relationship. The clearer the paperwork is, the less likely there will be room for disputes.

3. Chasing Debts

Often all you need is a well-drafted letter from a lawyer, or a good recovery strategy, to get payments made. If your current strategy isn’t working, maybe we can help you shake it up – and all likely, it will cost less than you think.

4. Stolen Intellectual Property

Finding your copy and marketing photos all over the internet, without your approval? We know how to deal with this. Don’t let other agents ride on your coattails and profit from your hard work.

5. Disputes

Have a read of our article about not letting the litigation horse bolt here. We believe that catching and sorting out disputes early is the best way to approach them. Firing missives and being set in positions will only take you straight down the path to the courts – and let’s face it, that’s the last place that you want to spend your time and money.

We are happy to make a time to meet with you to talk through any of the legal issues facing your real estate business.