What is the cooling off period? – Keylaw Academy

Return to course: Conveyancing for Buyers in Queensland

Conveyancing for Buyers in Queensland

Welcome to Conveyancing for Buyers in Queensland

Introduction
The REIQ Contract
Contract Conditions
Contract Timeline
Other Laws

End of Module Quiz

What is a disclosure statement?
What are prescribed certificates?
What a seller does NOT have to disclose
When a buyer can terminate

End of module quiz

Making an Offer
Signing the Contract
Engaging a Conveyancer

End of Module Quiz

What is the cooling off period?
Cooling off penalty
When will the cooling off period NOT apply?

End of Module Quiz

The difference between bank and contract deposits
What is a trust account?
How much should the contract deposit be?
How do I pay the deposit?
Why buyers MUST pay the deposit on time
CASE STUDY - Why buyers MUST pay the deposit on time
Grace period for electronic payment of deposits

End of Module Quiz

Introduction to finance conditions
Finance pre-approval
What to look for in the contract
Finance conditions - the buyer's obligations
CASE STUDY - Finance

End of module quiz

Introduction to building and pest conditions
What to look for in the contract
The inspection and report
How the building and pest condition works

End of module quiz

What are special conditions?
Common examples of special conditions

End of module quiz

What are chattels and fixtures?
Chattels and fixtures - what does the law say?
CASE STUDY - A Tale of Two Dishwashers
Key Takeaways

What is verification of identity?
How identity is verified
Which identity documents are required?
IMPORTANT: Name changes

What are property searches?
What searches do buyers need?
What do searches cost?
End of module revision

What is Stamp Duty (Transfer Duty)?
How is stamp duty calculated?
Stamp duty concessions and exemptions
Additional Foreign Buyer Duty
Buyers Obligations

End of module quiz

What is settlement?
Electronic vs paper settlements
Clause 6.2
What to expect on settlement day

End of module quiz

What is a settlement statement?
How to read a settlement statement

Contract of Sale Quiz

Thank you

What is the cooling off period?

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