Create a brief overview of the Torrens land transfer system used in New Zealand. Include in your explanation when it is used, why it is used and who uses this system

Task 2: Information for Inducting New Employees a. Prepare an induction document for Osiris Real Estate's new employees to improve their understanding of the sales process and property ownership in New Zealand. Make sure your explanations are clear, engaging and written in your own words, as they are meant to assist employees who may be encountering these concepts for the first time. {Word guideline: 400 words) Create a brief overview of the Torrens land transfer system used in New Zealand. Include in your explanation when it is used, why it is used and who uses this system. Consider the sale and process of transferring land to explain what the customer, client, customer's solicitor and client's solicitor each do, starting with the sale and purchase agreement and ending with the completed sale and settlement process. b. Inyourinduction document, include a definition and relevant example for the following terms: vi. real property persanal property (three types) and provide an example for each ownership possession (real and personal property) and provide an example for each equitable interests and legal interests and provide an example for each indefeasibility