27 Oct Property at settlement, meet certain requirements

Property at settlement, meet certain requirements. The auction agreement also included an additional clause, which was a purchaser acknowledgement that the seller had disclosed that the current use as two residential flats had not been consented or approved and there may be unconsented works on the property. The buyer was to accept complete liability to comply with Council requirements. At the auction, the property was passed in and Mr Price was the highest bidder. Later that night, Mr Price made an offer on the property that was accepted and signed on the auction agreement. At the time she negotiated the sale of the property, the licensee didn’t mention the property being subject to a notice to fix, requiring significant remedial works that had not been completed within the specified time. She also didn’t mention the amendments to the clauses in the agreement. She didn’t advise Mr Price to seek any other advice or information. Before the auction, Mr Price told the licensee that he only had $30,000 available for a deposit. The licensee did not amend the auction agreement to record that the deposit the buyers would be paying would be $30,000 rather than 10% of the purchase price, as stated in the document. Therefore, the buyer was required to pay a 10% deposit of $64,000 as stated on the agreement. The buyer saw the notice to fix for the first time the following day. A complaint was laid regarding the licensee’s conduct. tion Explain what Rule 6.2 says and give a reason how the licensee in the scenario breached this rule. et tered Paragraph ed out of MacBook Pro Q @ # % & 2 3 4 5 6 8 9 O Q W E R T Y U O P A S D F G H K Z X C V B N M < 96 ion command