A new standard form has been developed to help licensees comply with new legislation. The form has been created to comply with clause 33A of the Property, Stock and Business Agents Amendment (Property Reports and Exemption) Regulation 2016, which started on 15 August 2016.
It requires real estate agents selling residential property to record reports of certain inspections and financial certificates in relation to strata properties.
They must disclose these records to anyone requesting a copy of the sale contract. Find out more about the new Regulation here
The new form is available for free by either logging in to REI Forms Live or as a PDF download here
If you have any questions regarding the new Regulation, please contact REINSW Helpline by calling (02) 9264 2343 (select option 1 and then 4) or email email@example.com