For any additional agents in conjunction, refer Annexure

Note:   Term of Agreement must not exceed 90 days (section 20(1)(c) of the Land and Business (Sale and Conveyancing) Act 1994) unless Annexure 2 applies. The Term may be extended for a further period of time subject to the Agent seeking the Vendor's consent to an extension in accordance with the requirements of the Land and Business (Sale and Conveyancing) Act 1994

It is the vendor's responsibility to terminate all previous sales agency agreements by written notice to all previous agents and a copy of such written termination notice/s is to be provided to the agent

Note:   Failure to terminate a previous Sales Agency Agreement in writing may result in the Vendor being liable to pay Professional Fees to both the Agent and the previous agent

Note:  The Agent must state the estimate of price as a single figure without any qualifying words or symbols (section 20(1)(a) Land and Business (Sale and Conveyancing) Act 1994). The estimate provided in this item is not a valuation

Vendor(s) please note clause 7.2 and sub-clause 7.2.7

Note:  The Vendor must state the selling price sought by, or acceptable to them expressed without any qualifying words or symbols as a single figure at the time of making this Agreement (section 20(1)(b) Land and Business (Sale and Conveyancing) Act 1994). The Agent is not permitted to advertise or represent the likely selling price of the Property at less than the Agent’s estimated selling price or the Vendor’s acceptable price, whichever is the higher (section 24A(2)of the Land and Business (Sale and Conveyancing) Act 1994)

A sales agency agreement for the sale of residential land by auction may not be varied by increasing the selling price sought by or acceptable to the Vendor: Section 20(5a) of the Land and Business (Sale and Conveyancing) Act 1994.

Note:   The reserve price is to be specified in writing by the Vendor prior to the auction. The reserve price must not, at any time before or during the auction, be set at an amount exceeding 110% of the selling price sought by, or acceptable to, the vendor as indicated above. Section 24J(1)(ba) of the Land and Business (Sale and Conveyancing) Act 1994

Note:  The property will not be advertised for sale or made available for inspection by prospective purchasers before the day falling 14 days after the tenant is given notice of the Vendor's intention to sell the property. Section 71A(1)(b) Residential Tenancies Act 1995

Note:  The Agent is not qualified to provide advice on GST and other taxation issues relating to the sale or purchase of the Property. The Vendor or Purchaser must obtain their own independent taxation advice

Note:  Goods and chattels may not be insured during open inspections. Please check with your insurer as to the status of your cover

Note:  A benefit includes a rebate, discount, refund or some other benefit the Agent or another person will receive, or expects to receive from any third party, in connection with the sale or purchase of the Property

Vendor Please Note:
1. REISA recommends that you should not sign any contractual document unless you are satisfied that you understand its terms
2. Use of this Agreement by a non-member of REISA is a breach of Copyright