When you sell you home, more often than not you need to sign an exclusive sales authority with the agent you choose. Today we have one of our favourites, Frank Valentic, to go through all the important parts of the authority, so you know what to look out for when you go through the signing process.
Frank Valentic, from Advantage Property Consulting is a go getting, innovative property advocate that ensures the property deals are done property. He's the colourful character we all know and love from 'The Block'.
1. What is an exclusive sales authority?
a). Do we have to sign a different one if we want to go to auction?
2. Is there only the REIV version, or do agents who don't belong to the REIV have their own version?
a). Can the other versions be questionable or do they get their non-REIV version from consumer affairs or another regulatory body?
3. What expenditures should we check over?
a). Should expenditures include GST?
4. What dates should we note?
5. So what happens if the agent has the property for a certain period of time, we aren't getting the prices we want and we have heard from friends that Joe Blogs down the road is a better agent, and we should use him. Can we cancel the agreement?
6. Are there any other types of authorities we should look out for? For instance, are there still general sales authorities where we can ask a number of agents to work on my property? What are the good and the bad of these types of authorities?
Frank Valentic can be contacted by calling Advantage Property Consulting:
(03) 9883 8900
or by email: email@example.com
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