Settlement agents act

1981 Agents act is a law for the protection of consumers in Western Australia. This Act established a settlement agents code of conduct. The law regulates, such as regulation, real estate agents and companies get, do your licenses and the types of legal work, can. Monitoring ExécutifLa regulation monitoring officers is Council responsible for the management of the law and the code of ethics for officers of the colony. According to your website serves as a guarantee settlement officers Board of supervisory authorities, members of the public and the industry have confidence in the industry of the settlement in the West Australia.Settlement AgentsSettlement agents selling real estate is responsible for development and transfer of money from the buyer property or security acts or the titles of the seller to the buyer. Settlement agents must prove that you are appropriate and sufficiently qualified to obtain or renew a license.Appointing SASB AgentIf settlement agent must provide a form that you want to use for the disclosure of interest, you have personal, business or financial relationship with the settlement agent. This form is writing the type of relationship and what are your rights if you nominate a friend or a friend as your agent. If any business and financial relationship exist and be a conflict of interest or is to occur, the law that the agent should cease to work.