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Information you must disclose |
As a motor dealer, you have a legal obligation to disclose certain information to a buyer before signing a contract for the sale of a motor vehicle.
You must disclose:
- whether you have a motor dealer licence, in both business or private sales
- the existence of the cooling-off period and statutory warranty in private sales. If not, we can fine you up to $30 000
- whether you have any beneficial interest in a sale. To do this, use PAMD Form 35 - Disclosure of beneficial interest to seller (PDF, 184 KB). Sign this form before signing a contract for a motor vehicle sale
- any benefits you received or expect to receive
- your relationship to any person you refer the buyer to for professional service, including financiers, and building or pest inspectors. You cannot charge a commission if you have a beneficial interest in the sale. A court will return money to the buyer if you do not disclose a beneficial interest.
Last reviewed 21/11/2011 |
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