Limitation on sole / exclusive agencies
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60 days maximum for residential property. May be renewed not more than 14 days prior to expiry.
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Nil but vendor can terminate agreement after 90 days, with 30 days written notice.
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No limit but deemed to be 60 days from date of agreement or 30 days after date of auction if no end date inserted in agreement.
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Not applicable.
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Nil.
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Nil.
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Nil.
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Remuneration and Recovery of Monies
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An agent may only recover a commission or any other financial reward or benefit if they are:
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licensed;
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the licence authorises performance of the particular activity; and
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the appointment is in writing on the approved form.
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Must be licensed.
Only entitled to commission if the appointment is in writing and as prescribed (see Agency Agreement above).
No action or other proceedings for recovery until the expiration of 28 days after a statement of claim has been served on the principal.
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See under “Agency Appointments”.
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As per written sales agency agreement between land agent and consumer.
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Subject to written authority.
Selling fee payable only at settlement.
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Must be in writing to recover or claim commission.
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No recovery of a fee, commission or other gain or reward unless licensed.
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As per written agreement.
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Commissions
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Regulated maximum for residential sales, residential property management, and rural transactions.
Commission must be specified in the agency appointment as a dollar amount or a percentage of the final sale price.
The maximum commission scale is exclusive of GST.
Commission on commercial or business transactions is not regulated.
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Deregulated.
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Deregulated.
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Deregulated.
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Deregulated.
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Deregulated.
REIT authorised to publish recommended scale as a guide.
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Deregulated.
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Deregulated.
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