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  • Section 47 Form - Nsw Fair Trading - Fairtrading Nsw Gov

Get Section 47 Form - Nsw Fair Trading - Fairtrading Nsw Gov

PROPERTY, STOCK AND BUSINESS AGENTS ACT 2002 SECTION 47 DISCLOSURE TO: Insert name and address of recipient of the form1 Your sale/purchase/proposed purchase2 of insert address of property I/We* set.

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How to fill out the Section 47 Form - NSW Fair Trading - Fairtrading Nsw Gov online

Filling out the Section 47 Form is an essential step in ensuring compliance with the Property, Stock and Business Agents Act 2002 in New South Wales. This guide provides clear, step-by-step instructions to assist you in completing the form accurately and effectively.

Follow the steps to successfully complete the Section 47 Form.

  1. Press the ‘Get Form’ button to obtain the form and open it in your preferred editing tool.
  2. In the first section, provide the name and address of the recipient to whom the form is directed.
  3. Enter the details of the sale, purchase, or proposed purchase, including the address of the property involved.
  4. List the names of each person you have referred to for professional services related to the transaction.
  5. Describe your relationship with each person listed, specifying whether it is personal, commercial, or another type.
  6. Indicate the amount or value of consideration you derive or expect to derive from each person. If there is none, write 'nil.'
  7. Repeat steps 4 to 6 for additional persons, using an annexure if necessary.
  8. Provide details regarding any benefits received or expected by the individuals you referred, including their name, capacity, and amount, value, or nature of the benefit.
  9. Ensure the signature of the seller's or buyer's agent is included, with their printed name and license or registration number.
  10. Lastly, obtain signatures from each seller or prospective buyer acknowledging receipt of the disclosure form.
  11. Once completed, save any changes made to the form. You can then download, print, or share the form as needed.

Complete your Section 47 Form online today to ensure compliance and transparency in your property dealings.

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Generally speaking, no, the vendor is under no such obligation. However, the real estate agent may be so obliged. Real estate agents are under an obligation to disclose “material facts” in relation to any property they are selling.

This Act constitutes the main law covering business behaviour in NSW. Under the Act, it is unlawful to make false claims about a product or service; Operate in a misleading or deceptive way, or in a way that is likely to mislead or deceive your customers.

The Competition and Consumer Act 2010 (the Act) is a national law that regulates fair trading in Australia and governs how all businesses in Australia must deal with their customers, competitors and suppliers. The Act promotes fair trading between competitors while also ensuring that consumers are treated fairly.

Fair Trading's role in compliance NSW Fair Trading promotes a fair marketplace for consumers and traders by maximising traders' compliance with regulatory requirements. We safeguard consumer rights and investigate alleged breaches of the legislation we administer.

monetary penalty – impose a fine of no more than $11,000 for an individual, and $22,000 for a corporation. licence condition – impose a condition on the licence/certificate, for example, a condition that prevents the holder from performing certain functions.

NSW Fair Trading is responsible for the administration of consumer protection laws in NSW. It aims to achieve fairness for all in the marketplace by undertaking a range of activities, including: giving consumers and traders information about their rights and responsibilities and Fair Trading services.

52 Misrepresentation by licensee or registered person (b) any failure to disclose a material fact of a kind prescribed by the regulations (whether intended or not) that the agent knows or ought reasonably to know. : Maximum penalty--200 penalty units.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232