Name of Owner/s: ....................................................................................................
Address of Property for Sale: ..................................................................................
Name of Agent: ..........................................................................................................
1. Selling Price Quote
The agent estimates that the selling price of the property in the current market will range between:
$......................................................................
MINIMUM
and
$......................................................................
MAXIMUM
If the property sells below the minimum price quoted (above) the sellers will be released from
any obligation to pay any commission. If the sellers feel there is a valid reason for the property
selling below the minimum quoted price, the sellers can still elect to pay the agent; however the amount
of commission payable to the agent will be at the sole discretion of the sellers.
2. Fees and Expenses
The agent’s fees at the [above] selling price quote will be between:
$......................................................................
MINIMUM
and
$......................................................................
MAXIMUM
The fees are calculated as follows: .............................................................................
If, once the agent has found a suitable buyer, the seller is not satisfied that the agent has given satisfactory efforton behalf of the sellers, then these fees are negotiable DOWNWARDS
prior to acceptance of the offer by the sellers.
Once the offer is accepted by the sellers, the agreed fee shall be binding, with no correspondence entered into at a later time.
All fees and expenses claimed by the agent are only payable once a sale has been legally effected. The
sellers will be deemed to have accepted the price IF they sign a contract with a buyer to sell the property.
Sellers are urged to receive legal advice BEFORE signing a contract to sell the property.
3. Cancellation of Agreement
The sellers will have the right to cancel the agent’s agreement if the sellers are not satisfied
with the performance of the agent – provided that the sellers give the agent seven days to rectify
any concerns. If the sellers concerns are rectified, the agreement will continue. Should the sellers decide
to withdraw the property from sale, there will be no charges payable by the sellers to the agent. This includes any advertising costs that the agent incurred.
NAME OF REAL ESTATE AGENCY: .........................................................................................................
................................................................................................
Signature of Agent or Agent’s Representative:
..............................................................
DATE:
WARNING TO HOME SELLERS
This Guarantee is to be attached to and form part of the agent’s agreement.
Where there is any inconsistency between the clauses in this Guarantee and other clauses in the agent’s Selling Agreement, the clauses in this Guarantee shall have priority.
If you have any concerns about any real estate matter, please seek independent advice from a solicitor or conveyancers.
1300 42 77 47