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Learn how to protect property transactions in a tougher market. Jared Zak explains the tenfold rise in buyer defaults, the risks of buying before selling, subject-to-sale and sunset clauses, deposit flicking, and a FREE AI contract review tool: https://www.dottandcrossitt.com.au/services/first-review

This is essential viewing for agents who want to reduce risk, protect clients and do the right thing.

• 00:00 – Introduction and market overview
• 02:17 – Why more property deals are falling apart
• 03:45 – Buyer defaults have increased tenfold
• 04:40 – What happens when a buyer defaults?
• 06:01 – The risks of accepting a 5% deposit
• 07:17 – Can an auction sale include a cooling-off period?
• 09:47 – The dangers of buying before selling
• 13:15 – How subject-to-sale clauses protect buyers
• 14:55 – How sunset clauses protect vendors
• 16:34 – The risks of chained property transactions
• 21:03 – What is deposit flicking?
• 24:38 – Who is liable if the deposit disappears?
• 25:52 – Free AI tool for reviewing property contracts: https://www.dottandcrossitt.com.au/services/first-review
• 28:35 – Victoria’s new auction rules from October 1
• 32:53 – Falling sales volumes and the industry-wide impact
• 34:39 – Compliance is crushing agent productivity

Jared Zak is the Principal Solicitor & Founder of Dott & Crossitt. He has around 20 years of experience in law and finance.

This is sponsored by LocalAgentFinder


*DISCLAIMER: The information provided in this video is for educational purposes only and does not constitute personal legal advice. Tom Panos Pty Ltd does not accept any liability for decisions made based on the information provided and strongly encourages viewers to seek independent professional legal advice tailored to their specific circumstances.