We provide two authorized discounts. Choose the testimonial that matches your agency`s practices, depending on whether or not you get discounts. Download a copy of our use form in the agency authority approved by the director – commission sharing opinion (Word, 79KB). General Sales Authority: A seller appoints more than one agency to market and sell the property on a non-exclusive basis. The commission is paid to the agency that succeeds in securing the sale. Sales agency contract: (95% of the agreements of which are concluded as contracts of individual representatives) a seller only hires a real estate agent. The commission must be paid, whether the property is sold or not. Although the auction process is different, it is usually included in the terms of the sales agency contract. Code of conduct for auctions and auctions: a seller entrusts the Agency exclusively with the marketing and sale of the property through public auctions.
There is no standard agreement in the Northern Territory. However, it is the distribution agency contract that is most used. Sales agency contract: a seller only hires a real estate agent. The commission must be paid, whether the property is sold or not. The sharing of commissions must be notified to the seller in accordance with section 48 of the Act. This applies to real estate agents who agree to share commissions on brokerage work, whether they collaborate with people they work with or who are not licensed. ("commission": expenses, fees, rewards or other remuneration, whether monetary or other.) 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: Yes, yes. Well, there are a lot of things that go into an agency contract, and probably one of the simplest tips is to leave nothing blank. The most common mistakes we see are that not all principle names are entered correctly.
So you do not put initials, you have to order the parts with a full name. Greg: Yes, the other thing, of course, is that we know there is a cooling-off period for an agency contract. And the cooling-off period will only end when all parties have signed. .