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10. Guarantees


10. Guarantees

Category Buyer Guide

The conveyancer obtains guarantees from the buyer or his bank or financial institution for the purchase price, or the balance of the purchase price, if a deposit is paid. The seller's existing bond on the property is prepared to be cancelled, if applicable. The conveyancer requires FICA compliance as a protective measure against fraud or money laundering.

Author Agrisell
Published 31 Mar 2021 / Views -
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