Solved

In New South Wales,which of the Following Statements Is Not

Question 3

Multiple Choice

In New South Wales,which of the following statements is not true in relation to the cooling- off period in the conveyancing process?


A) Purchasers may rescind during the cooling- off period but they must pay 0.25% of the purchase price.
B) There is no cooling- off period if the purchaser agrees to surrender the right and produces a certificate stating that their rights have been explained to them by a conveyancer.
C) Purchasers have 5 days to rescind from the date of the exchange.
D) Purchasers have 5 days to rescind from the date of settlement.
E) A and B only.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents