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Submitted by keiko on March 12, 2010 - 5:17pm.

Joined: 12/10/2008

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


Scott No Mates's picture

March 12, 2010 - 7:01pm

Joined: 04/05/2005

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

I am opinionated. Take me at face value, read between the lines.

http://www.reao.com.au/forum/entry.php?80-How-bright-is-your-agent


Terryw's picture

March 12, 2010 - 7:36pm

Joined: 01/01/2002

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

Terryw


Property Trader's picture

March 12, 2010 - 8:13pm

Joined: 05/08/2002

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.

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    March 12, 2010 - 8:30pm

    Joined: 12/10/2008

    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


    Property Trader's picture

    March 12, 2010 - 9:08pm

    Joined: 05/08/2002

    Keiko,

    Shot we an email and I can email you one.

    BOSTON WEST … Superior Returns Secured by Bricks & Mortar ... Check It Out!
    PO Box 400, Albany Creek QLD 4035 | Tel: (07) 3325 1800 | info@bostonwest.com.au
    www.bostonwest.com.au | www.facebook.com/bostonwest | www.twitter.com/Boston_West


    businessglobal's picture

    March 12, 2010 - 9:39pm

    Joined: 02/06/2005

    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.


    March 12, 2010 - 11:02pm

    Joined: 12/10/2008

    Thanks Jason, I just sent you an email


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