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Subject to Council Approval

Discussion in 'Investing Glossary' started by Glossary, 28th Sep, 2006.

  1. Glossary

    Glossary Active Member

    12th Sep, 2006

    This phrase, usually abbreviated to STCA, is a typical example of the weasel wording used by real estate agents.

    First, the advertisement will raise the possibility that a property can be further developed, for example by subdividing or adding on another level. Then the agent will cover his or her behind by adding those magic letters "SCTA". It's a case of all care but no responsiblity on the part of the agent. In the agent's mind they get the best of both worlds, they can talk up the development potential of a property without having carried out even the most rudimentary searches or investigations with the local council. If the property can be developed, all well and good and if not, well it was all the Council's fault wasn't it?

    Agents who use this sort of phrasing in their ads are either lazy or dodgy or both. Handle with caution.

    Also known as:
    • STCA