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Ethics ComplianceDocumentsNSWEASY

An agent hands a buyer the agency’s expression of interest statement form to sign before accepting her deposit. When must the agent give the buyer a copy of the signed statement?

Correct Answer

B) Immediately after the buyer signs it

Rule 16 of Schedule 1 says an agent who tenders a document to a person for signature must give that person a copy immediately after they sign it. Because the agent tendered the expression of interest statement for signature, it is such a document.

Answer Options
A
Within 48 hours after the buyer signs it
B
Immediately after the buyer signs it
C
Before exchange of contracts takes place
D
Only if the buyer asks for one

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