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Yes. If you sign the contract with "John Citizen and/or Nominees", what you would expect to do is: - Purchase the 10% deposit Bank Cheque and give it to REA on Monday - Advise the REA which a solicitor/conveyance you would use The REA would send the contract to your solicitor - Your...

The buyer name would be "John Citizen and/or Nominees". You can leave a 10% personal cheque on the day but it must be replaced by a bank cheque on the next business day - Usually the Monday after. Can you get the 10% bank cheque? As for liability:- Yes, you would be 100% liable for the...