Residential Sales Agency Agreement

If you are selling a residential property with a swimming pool or spa, make sure it complies with the Swimming Pools Act 1992. For more information and to verify your responsibilities, or to verify that a property with a swimming pool/spa has an up-to-date certificate of compliance, visit the NSW Pool Swimming Register website. Remember, the real estate agent works for you, the seller, and you pay them for their services. Make sure you are satisfied with their approach before deciding to sign an agreement with them. If you are unsure of the terms of the agency contract, seek independent advice. While only one agent can register you, your contract is between you and the agent or agency they work for. Under the terms of the agency agreement, any agency agent can try to sell it once you have listed your property. The agency agreement can be concluded either for an indeterminate period or for a fixed term (“fixed term”). PandaTip: This section of the model binds all your agency`s staff under this real estate agency agreement.

If you have a single agency agreement, you may not be able to terminate the contract prematurely unless the Agency agrees, but you can withdraw your ownership from the market until the agency contract expires. If the agency agreement is more than 90 days, you or the Agency can terminate the contract at any time after 90 days. The cooling-off period gives you time to read the agreement, consider the conditions you have agreed to, including the agent`s expenses, and get independent advice if you have any doubts. You must provide the Seller with a copy of the New Zealand Residential Property Agency Agreement Guide[PDF, 2.2 MB] [PDF, 2.2 MB] before signing the agreement and asking the Seller to confirm in writing that he has received it. If the customer has signed the agreement after an unsolicited approach on your part, he can terminate the contract within 5 business days from the receipt of a copy of the contract. In this case, cancellation is not required in writing. You can ask questions, seek independent advice, talk to more than one agent and negotiate what is written in the agency agreement. You can negotiate deadlines, commissions, expenses or services. Make sure you and your lawyer or intermediary are satisfied with the agreement before signing it.

The agent is considered an independent contractor for the duration of this real estate agency contract. This real estate agent contract does not serve as a real estate agent by the seller. You have the right to negotiate the terms of the contract and to demand changes authorized by law. Changes to the agreement must be signed by all parties, unless the agent reviews the estimated sale price of your property. While the layout and content of agency agreements may vary from agency to agency, all agency agreements should include the following. When this contract through the real estate agency ends for any reason, all offers accepted by the seller on the basis of the agent`s benefits result in the payment of these commission percentages to the agent. The agent remains an independent contractor and is, as such, responsible for managing the hours worked to meet the obligations arising from this real estate contract. This also applies if you use standard clauses for residential or rural maintenance contracts. To learn more about our recommended standard clauses for housing agency and country agency contracts, click here. If you want to stop marketing your property, you must inform the agency in writing.

Ask the Agency to confirm in writing that all marketing has been stopped and removed. Let the Agency know if you want to hear from them if a buyer contacts them after the marketing is over.