on 07-06-2013 02:37 PM
The owner of a property's address?
I know the name of the person, and I also know he lives in QLD.
on 07-06-2013 05:26 PM
Is it possible that the RE will be able to claim that they connected you and the seller, hence entitled to some fees? Not your problem I know, but it is possible that something is in his agreement with them.
Were they the previous RE to attempt to sell the property?
Just things to think about. He may not be able to sell to you without going through the RE.
if the property is not publicly listed yet and Freddie approaches the owner the RE have no come back. Also , the renting section of the agency is not the selling section. Unless the property is actually listed for sale then the agency has no claim to commission.
on 07-06-2013 05:30 PM
We paid $14 000 RE commision, advertising & auction fees over 17 years ago (house was sold for around $200 000).
(Actually I don't think we paid it ourselves, move was a job transfer and employer paid it).
yep, at that time RE agent fees were pretty much the same percentage right across the board,
I sold mine about 12 years ago when fees came down in price & you could bargain with them, i think if they didnt waive the strick set fee structure mine would have cost about 12 grand in commission fees
on 07-06-2013 05:30 PM
Is it possible that the RE will be able to claim that they connected you and the seller, hence entitled to some fees? Not your problem I know, but it is possible that something is in his agreement with them.
Were they the previous RE to attempt to sell the property?
if the vendor isnt aware of a connection with the RE agent and asked for a sale price accordingly, sold it,. the RE agent then bills him for commissions fess.. after settlement
i think i would find that amusing.
The vendor would have to be aware of any connection with a RE re a sale of their property.
They would have signed a sale contract (or whatever the right term for that is) and in doing so agreed to abide by the conditions in it.
When you list a property with an agent they usually have exclusive rights to the sale of the property for 3 months or whatever some other set length of time.
The vendor would sign the contract and agree to those conditions. The conditions would expire at the end of the set term.
If the house isn't for sale or hasn't been just recently been withdrawn from sale then the owner has no commitments to the RE. He could sell it privately to a friend, neighbour, family member next week if he wanted to (without vacant possession if there is a tenant in it with a fixed lease).
on 07-06-2013 05:30 PM
1) how could the vendor NOT know of the connection with the RE, and
2) They don't send a bill, they either hold up settlement as it is dragged through Court or take it there afterwards.
It is likely that it is in the business agreement between the Vendor and the RE, that the RE gets first option in addition to terms of sale whilst under their management.
on 07-06-2013 05:32 PM
Isn't the owners name and contact on the lease you signed.
Go to your local council. They have the names of registered property owners in the area they cover.
on 07-06-2013 05:34 PM
Isn't the owners name and contact on the lease you signed.
Go to your local council. They have the names of registered property owners in the area they cover.
Only the owners name is on the lease. I have one in my house now to sign.
The tenants have no need to contact an owner if the owner has engaged a RE Property Manager to deal with their property.
The owner wouldn't want tenants phoning them either, that is what they pay a RE to deal with.
on 07-06-2013 05:36 PM
especially if they haven't had the house listed for sale recently.
from memory, the previous RE agent who had the authority to sell, can lay claim to a commission fee only if it doesn't get listed within 6 months or something
on 07-06-2013 05:41 PM
The vendor would have to be aware of any connection with a RE re a sale of their property.
They would have signed a sale contract (or whatever the right term for that is) and in doing so agreed to abide by the conditions in it.
When you list a property with an agent they usually have exclusive rights to the sale of the property for 3 months or whatever some other set length of time.
The vendor would sign the contract and agree to those conditions. The conditions would expire at the end of the set term.
If the house isn't for sale or hasn't been just recently been withdrawn from sale then the owner has no commitments to the RE. He could sell it privately to a friend, neighbour, family member next week if he wanted to (without vacant possession if there is a tenant in it with a fixed lease).
gee, my internets slow as today, you virtually said the same
on 07-06-2013 05:41 PM
It is likely that it is in the business agreement between the Vendor and the RE, that the RE gets first option in addition to terms of sale whilst under their management.
Are you saying if a landlord enlists a RE Property Management Service to manage their rental property, and then should the landlord wish to sell it down the track they are committed to sell it through the same RE?
If so, I don't think that is how it works Sales and Property Management are two entirely different sections.
Besides the landlord can at any time withdraw their rental from their current RE and change RE's for property management and/or sell it through another RE.
on 07-06-2013 05:42 PM
1) how could the vendor NOT know of the connection with the RE, and
2) They don't send a bill, they either hold up settlement as it is dragged through Court or take it there afterwards.
It is likely that it is in the business agreement between the Vendor and the RE, that the RE gets first option in addition to terms of sale whilst under their management.
That's not altogether correct..a rental agreement does not tie you to that agent if you decide to sell the property.
I have just sold a property that was managed as a rental with one agency but sold it through a completely different business.
I just checked my lease and there are no clauses, terms etc that state I have to sell with the renting agency.