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Legal Tips and Advice from Dott & Crossitt Conveyancers
Jared Zak

Reduced Deposits: what is the law in NSW?

  Perhaps due to the high prices of residential property in NSW, particularly Sydney, it has become increasingly common for purchasers to request, and vendors to agree to, a 5% deposit on exchange. Despite popular misconception, vendors need to be aware that if they accept a 5% deposit on exchange,

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Jared Zak

What are estate agents’ legal requirements to collect their vendors’ ID?

The NSW Department of Fair Trading issued the ‘Real Estate Fraud Prevention Guidelines’ in 2013. They guidelines state that agents should: Conduct an identity check face to face and sight original documents to verify a vendor’s identity. Verify the vendor’s identity from an original primary photographic identification document and an original or certified copy

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