Agency Agreements

To sell a home in New South Wales, an agent must have a real estate agent’s licence issued by NSW Fair Trading. Before the agent can market your property, they must sign a contract with you, called an `agency agreement´. An agency agreement is a legally binding contract and it is important that you read and understand it. When you sign up with an agent, you enter into a legally binding contract. You have a cooling-off period of 1 day starting from when you sign the agreement. You can cancel the agreement in this time if you are not happy with it.

You have the right to negotiate with the agent about the terms and conditions of the agreement and to ask for any legally permitted changes to be made. Alterations made to the agreement need to be signed by all parties, except if the agent revises their estimated selling price for your property.

The amounts charged by agents are not set by law. You can negotiate with the agent about the amounts of any commissions, fees or other expenses that you may be required to pay. The agency agreement may require you to pay the agent for certain expenses in relation to the sale of your home, such as advertising, auctioneer’s fee, or any other services the agent may arrange for you, such as cleaning, decorating or landscaping. The agency agreement must state the amounts or estimated amounts of any such commissions or discounts and from whom they are received.

The agency agreement usually has a specified period during which the agreement cannot be ended unless you and the agent both agree. The length of any fixed term is negotiated between you and the agent, there is no minimum or maximum set term. The fixed term will depend on how long you and the agent think it will take to sell the property. If the fixed term is longer than 90 days, you can give the agent 30 days’ written notice to end the agreement after 90 days. Of course, if the fixed term has less than 30 days left to run, you can just give notice to end the agreement at the end of the fixed term – check your agreement to see how much notice you need to give.

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Jan Babich
Jan Babich
2020-09-21T10:59:03+0000
Kim Shaw from Page Conveyancing handled my recent purchases in a professional, friendly... manner. I highly recommend Kim and Page Conveyancing to provide expert advice and a stress free service. Thank you Kim very much.Jan Babichread more
Kane Addison
Kane Addison
2020-08-28T05:59:08+0000
Page managed both my recent sale and purchase. I experienced nothing but professionalism... in both instances. Kim Shaw was fantastic to deal with and she ensured the entire engagement was managed effectively. I felt secure in the knowledge Kim was driving the process for me. Highly recommend!!read more
Sue Jogever
Sue Jogever
2020-08-18T09:46:40+0000
Thank you Page Conveyancing for making it happen so smoothly for both our clients sale... and purchase of their next dream home 🏡read more
Gerry Linhart
Gerry Linhart
2020-08-18T00:13:41+0000
I highly recommend Page Conveyancing. We have used these guys 3 times now and each time... it's been a hassle free, no bs experience. James knows what he is doing and communicates really well. ⭐⭐⭐⭐⭐read more
Graham Muffet
Graham Muffet
2020-07-27T09:37:44+0000
We used Page Conveyancing for the sale of our old home and the purchase of our new one.... As this can be a stressful time, James made us feel very comfortable throughout the whole process. James responded to our many questions and queries very promptly and professionally. I cannot speak highly enough of James and would highly recommend Page Conveyancing to anyone who would like to deal with a great team. Thank you so much.read more

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