F. Contracts

F11. Determining the Selling Price

Property Practitioners and sellers often have a different understanding of what the “selling price” really is, so you need to confirm that you and the seller are on the same page. Sellers always think of the price as the amount they will get in their pocket, while Property Practitioners consider the price to include their commission. Never discuss the selling price with the seller before you have...

F12. Signatures to the Contract

The mandate must be signed by the seller(s). If there is more than one seller, then all must sign, or there needs to be consent or a Power of Attorney giving authority to the person signing the mandate. The practitioner also needs to sign the mandate, as it is an agreement between the seller and the practitioner. If the Property Practitioner is an intern, then the mandate must be signed in front of a...

F13. Seller Check List

Bond Cancellation  Contact your bank and advise them that the house is on the market. Ensure the notice period is kept current (i.e., keep your bank informed – consult the 90-day notice period on page ___). Electrical Compliance and Other Certificates  Contact an electrician, plumber, gas fitter, or pest control company to issue the relevant certificates required for your...

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