Protect yourself at all times.
In the world of boxing, just before the opening bell signals the start of a bout, the referee imparts a simple yet crucial command to both fighters: “Protect yourself at all times.”
To those unfamiliar with the intricacies of the sport, this directive might appear to be a call to maintain a strong defensive stance and evade incoming punches. However, the true meaning of “protect yourself at all times” extends far beyond this surface interpretation.
The referee’s instruction serves as a reminder to both combatants that they should never assume anything when it comes to the flow of the match. It cautions them not to let their guard down, even momentarily, and underscores the importance of vigilance throughout the entire fight.
A notable example of the consequences of failing to heed this advice occurred during the 2017 rematch between Australian boxing legends Danny Green and Anthony Mundine.
In the second round of their bout, the two fighters found themselves in a clinch, a situation that typically prompts the referee to call for a break. Unfortunately, the referee’s call came late, and Green, assuming the stalemate was over, dropped his guard.
In that split second, Mundine seized the opportunity, delivering a powerful left punch that rocked Green and nearly ended the fight.
Debate ensued about whether Mundine’s punch was legitimate or a cheap shot, but one thing was clear: if Green had adhered to the directive to “protect yourself at all times,” the situation might never have arisen.
The importance of “protect yourself at all times” extends beyond the boxing ring and into various aspects of life, including the real estate arena.
Both buyers and sellers must remain vigilant to safeguard their interests amidst a complex landscape filled with vested interests, tactics, and seasoned players.
Consumers face a spectrum of risks, from overquoting to prospective sellers, to underquoting to prospective buyers.
Agents may make promises about the presence of “cashed up buyers” or the necessity of “spending big on advertising,” and navigating these issues can be challenging for those with limited experience.
In Victoria, property transactions operate under the principle of “Caveat Emptor,” or “buyer beware.”
While agents may provide verbal guidance during open inspections, it’s crucial to scrutinize the written marketing materials and contract of sale, as they often come with disclaimers.
Questions about a property’s development potential, neighbouring intentions, or future developments can create uncertainty, blurring the line between an agent’s role and legal advice.
In the intricate dance between clients, lawyers, and real estate agents, misunderstandings can easily arise, leading to unintended advice or misinformation.
In this complex arena, a calm, rational, and pragmatic approach is invaluable, ensuring that individuals can navigate the intricacies of real estate with confidence and clarity.
By Peter O’Malley
