Finance Brokers versus Lenders (WCPT352) – 1.5 points

Description

This session looks at finance for a property purchase with a focus on the 2022 Offer and Acceptance finance clause.
This clause now caters for the use of a mortgage broker as well as a lender. We will look at lender VS broker and why the changes to the finance clause have occurred.

• Detailed investigation of the finance clause.
• The rules regulating finance brokers
• Pre approvals
• Guarantors

The session delves into

1. Contract Law
2. Privity of Contract
3. Real Estate and Business Agents Act.
4. Code of Conduct
5. Common law duties of an agent

Sales people write contracts but might not fully understand the implications of what they do and say with regard to finance, the finance clause, brokers and lenders.
Having a good understanding of these areas helps to reduce risk for clients and agents.

This session is suitable for registered sales representatives and licensed agents