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10. Guarantees

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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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