Which document must be provided to a vendor before an agent can lawfully act on their behalf in NSW?
Correct Answer
B) An agency agreement
Under the Property and Stock Agents Act 2002 (NSW), an agent is not entitled to commission or expenses unless they act under a written agency agreement that is signed, contains the prescribed terms, and is copied to the client within 48 hours. The agency agreement is therefore the document that must be in place before the agent acts for the vendor.
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