Advice

Authorities and disclosures

We've brought together a variety of authorities, disclosures and checklists to assist real estate agents in their day-to-day practice.

Auction checklist
This helpful checklist should only be used where there is a full understanding of the relevant requirements set out in the Property, Stock and Business Agents Act 2002 (NSW) and the Regulation. Download the checklist >>>

Authority to exchange at auction
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Authority to exchange with cooling-off period
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Authority to receive telephone bids
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NSW Fair Trading Supervision Guidelines' checklists
The NSW Fair Trading Supervision Guidelines set out in detail what is required of the Licensee-in-charge in relation to the supervision of employees and the establishment and monitoring of compliance procedures. REINSW has developed a number of useful checklists to assist licensees and their staff to comply. Access the checklists >>>

Prescribed Conditions of Sale by Auction and Auction Warning Notice
The Prescribed Conditions of Sale by Auction and Auction Warning Notice must be displayed in a conspicuous position where they may be viewed before and during the auction by any person in attendance. Download >>>

Proof of identification checklist
A person who wishes to bid at auction must show proof of identification, which must be recorded by the agent on the confidential bidders record. A checklist has been compiled to assist agents when checking proof of identification, and provides some examples of types of proof of ID. Download the checklist >>>

Section 47 disclosure
Where an agent refers a vendor or prospective purchaser to someone for professional services associated with the sale or purchase, under the Property, Stock and Business Agents Act 2002 (NSW), a section 47 disclosure must be completed. Download the disclosure >>>

Section 49 consent
Where an agent or employed salesperson is concerned with obtaining a beneficial interest in the relevant property, under the Property, Stock and Business Agents Act 2002 (NSW), a section 49 consent must be completed and provided to the vendor. Download the consent form >>>

Section 59 waiver of cooling-off period
The Property, Stock and Business Agents Act 2002 (NSW) provides that there is a cooling-off period for every agency agreement that relates to the sale of residential property or rural land in NSW. This cooling-off period can be waived by signing a waiver. Download the waiver >>>