Under SA law, when must a land agent provide a copy of the agency agreement to the vendor?
Correct Answer
C) Immediately after signing, or within 48 hours if the vendor agrees
Section 20(4) of the Land and Business (Sale and Conveyancing) Act 1994 (SA) requires an agent to give the vendor a copy of the signed sales agency agreement immediately, or at a later time within 48 hours as agreed with the vendor, after it is signed and delivered to the agent. Failure is an offence.
Why This Is the Correct Answer
Under s 20(4) of the Land and Business (Sale and Conveyancing) Act 1994 (SA), the vendor must get a copy of the signed agreement immediately, or within 48 hours if the vendor agrees to a later time.
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