A settlement agent is the person who prepares all the necessary paperwork to transfer the property from the sellers names to the buyers names as per the Offer & Acceptance Contract. They will liase with the buyer, the sellers settlement agent, the bank, the broker, landgate, office of state revenue, local council, water corporation and strata manager to finalise the transfer of the property to the buyers names. Settlement agents are experts in their field and it is best to nominate a settlement agent as soon as possible.