June 2008

Agents preparing contracts - update

The provisions of the Legal Profession Act 2007 that restrict what agents may do in relation to preparation of real estate contracts are about to be relaxed, probably on July 1.

A Bill amending section 24 of the Legal Profession Act has been passed in Parliament and will become law soon. It is expected that the new law will come into force on 1 July.

The most important change is that a PAMDA licensee or their employee will be able to insert special conditions from a lawyer prepared precedent into contracts.

 

 

Carter Capner Law provides Agents with a list of commonly used special conditions in our QLD Conveyancing Clause Library on our Agent and Development Centre website. Apply now.