Search results

Not exactly, but generally speaking you are correct. There is an EOI deposit (a bit like the old "holding deposit"). But it does not stop you being gazumped. All it does it force the REA to contact you if there are other offers on the property. Mostly it is not used, especially in the market...

They have to forward it onto the vendor. You are not entitled to your 0.25% back if you exercise your cooling off rights. I seriously doubt that :rolleyes: This legislation has been in effect for 30+ years in NSW, I think they'd know how it works by now. Put it down to the cost of doing...