The team at Park Real Estate in Bli Bli believe in providing a written guarantee when working with you to sell your home. Every Real Estate Agent at Park Real Estate Agency carries a copy of the Service Guarantee that will form part of every home seller agreement. You can read in detail about the Service Guarantee below and download your very own copy of the agreement on this page. If you have any questions about this Service Guarantee you can call us on 07 5348 9577 to discuss.
1. Selling Price Quote
At Park Real Estate in Bli Bli, the agent will provide the home seller with a written estimate of the current likely selling price of the property.
If the property sells below the minimum price quoted, 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.
The current likely selling price above is valid for the term of the Agent’s Listing Authority. After expiry of the Listing Authority, the agent shall be entitled to revise likely selling price estimate and to issue a new Agent’s Service Guarantee, which shall supersede any prior guarantees.
2. Fees and Expenses
The fees and expenses at Park Real Estate in Bli Bli will be outlined in the service agreement as a range based on the selling price mentioned in section 1.
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 effort on behalf of the sellers, 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 seller 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. Period of Agreement
The period of the Real Estate Agent’s Agreement will be outlined in the written service agreement and state that the Agent agrees to release the sellers from the Real Estate Agency Agreement if the Agent breaches the conditions of the Agent’s Service Guarantee.
4. Bait Pricing
The agent will not market or promote the property for sale by use of a lower price than what the sellers are willing to accept. The agent understands that under-quoting the value of the property in order to attract buyers on the basis that these buyers can then be talked up in price, is contrary to the interests of the sellers, because it attracts buyers who can only afford the low price or buyers who only want to pay the low price.
5. Security at Inspections
The real estate agent agrees to identify and qualify all people who inspect the property. If the agent conducts ‘Open for Inspections’ and the sellers’ insurance company does not cover loss, damage of theft arising from Open Inspections then the agent agrees to accept full responsibility for any loss, damage or theft occurring during an ‘Open for Inspection’, or which can be shown to have been caused by having had the premises open for inspection to strangers.
6. 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 seller 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.
7. Buyers found by the owner
The sellers reserve the right to sell or transfer the property to a party who showed interest in purchasing the property prior to the Agent’s appointment to sell the property. Interested parties known to the seller should be named on this Guarantee. Should one of those so named purchase the property, no fee shall be payable to the Agent.
In the absence of such named interested parties, the sellers agree that none was known to them at the time of appointing the agent, and therefore, all purchases from time of the Agents’ appointment, and during the term of the Agent’s agreement, shall be deemed to have been found by the Agent.
8. Special requests or Conditions
If the sellers have any other conditions they wish to impose on the Agent, they can notify the agent in writing within 2 business days of signing the Selling Agreement. Such conditions will then form apart of this guarantee. If the agent does not agree to the sellers’ extra conditions, the sellers will have the right to immediately cancel the Selling Agreement without penalty or charge.
WARNING TO HOME SELLERS
This Guarantee is to be attached to and form part of the Park Real Estate 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.