Since the June 2026 changes to the Property and Stock Agents Act 2002, who can approve standard forms of agency agreement for use in NSW?
Correct Answer
B) The Fair Trading Commissioner
The changes that started on 29 June 2026 allow the Fair Trading Commissioner to approve standard agency agreement forms, and allow regulations to prescribe how agency agreements are kept. Agents still have to include the prescribed terms in each agreement.
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In NSW, what happens to an agency agreement if the principal dies before the property is sold?
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Three weeks into a campaign, strong buyer feedback shows that a Sydney agent's estimated selling price in the agency agreement is no longer reasonable. The vendor is overseas and hard to reach. What must the agent do?
