Caveat emptor

Is a latin phrase meaning “Let the buyer beware” where there are little to no protections to a buyer in an exchange.

Caveat Emptor is used to denote that there would be little to no protection for the buyer in case the product is unsuitable.

With consumer protection laws, where the buyer is protected from unfair or unacceptable trade, and the seller may be liable to pay reimbursements or a fine, the term “Caveat venditor” may be used: “Let the seller beware.”

For specific use of the word “Caveat’ in Australian property law, See Caveat

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Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au