In Queensland, the cooling-off period for a residential property contract does NOT apply when the property is purchased:
Correct Answer
B) At a public auction or within 2 business days after a passed-in auction
The 5 business day cooling-off period does not apply to properties purchased at public auction or within 2 business days after the property is passed in at auction, as buyers at auction are expected to conduct due diligence beforehand.
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