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You can send it to the agent in person, transmit it or leave it in the agent`s office or at the address of the agency contract, by e-mail or fax. Be sure to keep a copy of your file. If you hire a real estate agent to sell your home, you employ them to work for you. They sign an agency contract with them which is a legally binding contract and re-payment them a fee, usually in the form of a commission. Look for a broker It`s a good idea to talk to at least three real estate agents. Make sure they know the environment. Compare their commissions, other fees, marketing plans and charts when selling in your suburb. As this person works for you, it is important to evaluate them thoroughly. Check that they are duly authorized. Be realistic about the price Don`t just sign with an agent because they give you the most estimated selling price. Look close to home at sales of similar properties – note the selling prices to get an idea of the value of your property. It is against the law that an agent wrongly overestimates the sale price of a property. This can be a dishonest way to influence yourself, to sign with them if you think they will bring you a higher price for your home.

The agency contract can be either permanent or for a fixed period (a fixed duration). Brian Cannan: Today I have Greg Jemmeson from Jemmeson Fisher Solicitors and Accountants. And we`re going to talk about agency contracts. Greg, how important are agency contracts? Greg: That`s right. Yes, yes. Other common mistakes we see are that the licensee is not properly described, so the licensee is normally the company the agent works for, not the licensee itself. It would therefore be necessary to limit something proprietary, often insert the wrong license number, the license number of the person and not the license number of the company. Other mistakes we often see are that the agent did not give details about who the lawyer could act on behalf of the seller, which can be the recommended form of sale, quite often the inspection report is not signed and dated. It may be that the agent has not finished, which is the opinion on the market opinion of the selling price.

I`ve even seen empty agency contracts. It will therefore obviously be a pro-bono sale. For example, on Thursday morning, the agent will give you a copy of the unsigned agreement and this fact sheet that you read and review carefully. On Friday afternoon, sign the agency contract and waiver form. The agency contract becomes immediately mandatory and the agent can start selling your home. Exclusive agency contracts are usually used for the sale of housing. In this type of agreement, you give a broker the exclusive rights to sell your property. This may entitle the broker to a commission if the property is sold during the fixed term of the contract, even if the property is sold by you or another broker. The broker may also be entitled to a commission if the property is later sold to a person who negotiated with the original broker for the property. Take an online licensing exam at www.fairtrading.nsw.gov.au or call 13 32 20. After licensing, agents must comply with different laws that cover things such as how your money is maintained, what information you need to receive, and how bids are conducted…