Seller Disclosure Scheme

This seminar is specifically aimed at real estate agents outlining one of the most significant changes introduced by the New Property Law Act in the way of a Seller Disclosure Scheme. Unlike other Australian states, Queensland has traditionally followed a caveat emptor (“buyer beware”) approach, placing the responsibility on buyers to conduct due diligence before purchasing a property.

Currently, sellers in Queensland must navigate various common law, statutory, and contractual disclosure obligations scattered across different legal sources. The New Act simplifies this process by consolidating these obligations into a single, statutory Seller Disclosure Scheme, ensuring greater transparency for buyers while reducing complexity for sellers.

Key Aspects of the Seller Disclosure Scheme That Will Be Covered In The Seminar:

• What Properties Does the Seller Disclosure Scheme Apply To?
• What Information Must Be Disclosed by the Seller?
• When Must the Required Disclosure Documents Be Provided?
• How Should the Disclosure Documents Be Delivered?
• What Are the Consequences of Failing to Comply with the Statutory Disclosure Scheme?

We encourage everyone to book early and avoid disappointment as space is limited.