Louise Neilson Louise Neilson

What Is “Deposit Flicking” – and Why Should Property Buyers Be Careful?

You have just bought a property.

You have transferred tens of thousands of dollars as your deposit.

Where do you think that money is sitting?

Most buyers would probably answer:

"In the real estate agent's trust account."

And that is exactly why the recent industry discussion about a practice being referred to as "deposit flicking" is worth understanding.

Read More