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The Solicitors Regulation Authority intervened and the two principals of the agency were struck off for fraudulent misuse of consumer cash. Upon exchange of contracts a deposit of £ninety six,000 was paid on terms, somewhat unusually, that or not it's held by the vendor's solicitors as brokers for the vendor (moderately than the conventional position the place it is held by the seller's solicitors as stakeholder and can't pass to the seller without the buyer's consent).
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