Question
In regards to conveyancing in victoria with reference to NBIA (national business institute of australia) book BSBCNV601. 11. If you were acting for the purchaser
In regards to conveyancing in victoria with reference to NBIA (national business institute of australia) book BSBCNV601.
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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