Question
1. What is the process for taking on a new client in your organisation? What do they need to bring with them? 2. How do
1. What is the process for taking on a new client in your organisation? What do they need to bring with them?
2. How do the new privacy principles and identification requirements affect your industry?
3. If there is uncertainty in the identity of your client or the property to be conveyed, what are your policies and procedures?
4. What are the costs for a title search and who do you contact?
5. What documents have to be prepared for the conversion of transfer of title and what are the associated costs?
6. What are the current requirements for first home buyers and what benefits are they eligible for?
7.explain the components of the Land Register Book.
8. Explain the difference between a Register Search and a Final Search and what a search contains.
9. From Q8, how does this differ to an Investigation of title?
10. James would like to know where he can get a copy of the new property land title. Where could he obtain this?
letter responding to James giving him the appropriate advice
11. If you were acting for the purchaser of a sale of business, what do you need to be aware of and what would you look for in the items of the business?
11A. what statement needs to be given with a sale of business?
12. Name at least five other aspects that may not be recorded on title.
13. If I sold my house, do I need to include the renovation that I completed eleven years ago, and the garage I built four years ago?
14. Explain how you would:
- lodge a caveat
- remove a caveat
15. After you and your client have agreed that you will be acting on their behalf, what are desired outcomes when are they established, and how do you achieve them?
16. If you do not have PI and PL insurance, what could go wrong? And where would you go to get PI+PL?
17. Refer to section 34 of the Sale of Land Act 1962 by going to the web site: www.dpc.vic.gov.au
Section 34 creates a right to rescind the contract where the dwelling being purchased is destroyed or is rendered unfit for habitation
Does section 34 apply to all properties? What procedure must a purchaser follow in order to avoid the contract?
18. List at least five different professionals involved in the conveyance. Now see if you can put a name to each professional in that list that you either network with, or that you can rely on as a contact person you can seek advice from.
19. How do you keep up with regulation and compliance changes? Is that CPD?
20. Not so long ago you had to go into your capital city and enact the conveyance yourself in person. How has that changed?
21. How does your organisation, make sure there are no errors made in your transactions?
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