Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    Hi

    Is there a cooling off period when you list a property for sale with an exclusive agent and then you decide you don't want that agent
    Queensland

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856

    THere definitely is in NSW. Refer to the Fair Trading website, there is probably a link to 'selling your home' & your rights.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    Look at the contract you signed, it will probably be listed

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Property TraderProperty Trader
    Participant
    @property-trader
    Join Date: 2002
    Post Count: 111

    Hi Keiko,

    The the information below from the Department of Fair Trade website.  I also checked a copy of the listing agreements and I think you have no cooling off period.  Read below anyway.

    Exclusive agency appointment

    An agent with an exclusive agency appointment can get an agreed commission upon sale whether or not they actually sell the house.

    If the seller sells the property, they must still pay the agent’s commission. If another agent sells the property, the seller may also have to pay them a commission. Potentially the seller may have to pay two commissions.

    For all sole and exclusive agency appointments, the agent must give the seller a notice stating:

    • the proposed term of the appointment
    • whether the appointment is under a sole or exclusive agency
    • the difference between sole agency and exclusive agency
    • the consequences if the property is sold by someone other than the agent during the term of the sole or exclusive agency.

    The notice may also state that at the end of a sole or exclusive agency, the appointment of the agent continues under an open listing, which the agent or seller can end at any time.

    All the best.

    Property Trader | Boston West Pty Ltd
    http://bostonwest.com.au
    Email Me | Phone Me

    Private money lending opportunities available paying upto 12%, secured by bricks and mortar!

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    Thanks for the info guys,

    I have googled everywhere and can't find much.

    Also can anyone send me a purchase contract 30c form or is there anywhere I can get one on the net?

    I am trying to put a deal together tonight

    Profile photo of Property TraderProperty Trader
    Participant
    @property-trader
    Join Date: 2002
    Post Count: 111

    Keiko,

    Shot we an email and I can email you one.

    Property Trader | Boston West Pty Ltd
    http://bostonwest.com.au
    Email Me | Phone Me

    Private money lending opportunities available paying upto 12%, secured by bricks and mortar!

    Profile photo of businessglobalbusinessglobal
    Participant
    @businessglobal
    Join Date: 2005
    Post Count: 118

    I do not believe there is a cooling off for an exclusive agency in QLd and also if you sell or another agent sells in this period the exclusive agent is entitled to commission. It shall all be in your Appt To Act Form 22a and on the Office of Fair Trading Web site.

    Profile photo of keikokeiko
    Participant
    @keiko
    Join Date: 2008
    Post Count: 513

    Thanks Jason, I just sent you an email

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