On Wednesday 21st June you are instructed to act for Bill Bright. He has sold his house to David Dull and there is no agent involved. You are asked to prepare the necessary documents to 'seal the deal'.

A week later, David Dull comes into office and asks to act for him on the purchase of the property from Bill.

a) What are the issues raised by the facts outlined above:

b) What sections of which legislation/regulations are particularly relevant to this situation?

c) Give three (3) examples of potential risk situations that might lead a conveyancer to question the wisdom of acting for David.

d) If you agree to act for David, what initial document must you prepare and send to each in order to satisfy legislative requirements?

e) What should be included in that document and what should you require each of the parties to do prior to

you acting further?

Answer rating: 100% (QA)

a The issues raised by the facts outlined above include Dual representation Acting for both the seller Bill Bright and the buyer David Dull in the same transaction can potentially create a conflict of ... View the full answer