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Agency PracticeSAEASY

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.

Answer Options
A
Within 7 days after the property is first advertised for sale
B
At settlement, when the agent's final statement of commission and expenses is issued
C
Immediately after signing, or within 48 hours if the vendor agrees
D
Only if the vendor asks for a copy in writing after signing

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Related Topics & Key Terms

Key Terms:

agency agreementimmediate provisionvendor documentation
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