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Part forty eight of the Act correctly bars a assets practitioner from rendering services being a assets practitioner if he/she doesn't possess a valid FFC and Segment 56 dictates that a residence practitioner is not really entitled for the commission unless he/she's registered and possesses a sound FFC.
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Portion forty eight in the Act properly bars a residence practitioner from rendering services as being a house practitioner if he/she does not have a valid FFC and Segment 56 dictates that a residence practitioner isn't entitled to commission Unless of course he/she is registered and possesses a sound FFC.
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Conveyancers are prohibited from spending commissions or monies Unless of course a residence practitioner creates a certified copy of their FFC.
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It is strongly suggested that you choose to and/or your accountant assessment all information and facts and do your due diligence prior to the closing. Facts is subject to alter suddenly.