7 Things Agents NEED to Know About Contracts | Jared Zak, Principal Solicitor at Dott & Crossitt
Jared Zak is the Principal Solicitor of Dott & Crossitt and has more than 15 years of experience in law and finance.
In this training, he reveals: 7 Things Agents NEED to Know About Contracts:
- The repercussions for buyers who default on their contracts - a potential additional liability of 5%
- The significance of structured deposit clauses in New South Wales, and highlight the potential losses - some unquantifiable - that can result from a contract default.
- The complexities of signing a contract on behalf of a company. What happens when a company Director is absent, the role of Corporate Powers of Attorney, and why you, as an agent, need to be well-versed in this area
- The potential consequences if the company fails to fulfil its contract obligations
- The risks associated with releasing a buyer's deposit in the case of a long settlement date.
This is essential listening!
For more info on Jared Zak.
*DISCLAIMER: The information provided in this video is general in nature only and for education purposes. The information provided does not constitute as personal legal advice. Tom Panos Pty Ltd does not accept any liability for any decisions made based on the information provided. Tom Panos Pty Ltd strongly encourages you to seek professional legal advice to discuss your personal circumstances.