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The agency agreement can be concluded either for an indeterminate period or for a fixed term (“fixed term”). For real estate agents (for sale, leasing and/or real estate management) Post managers and auctioneers Before the broker can market your property, they must sign a contract with you, called an agency contract. An agency contract is a legally binding contract and it is important that you read and understand it. If you are unsure of the terms of the contract, you should seek legal advice. If you decide to terminate (or revoke) the agreement during the cooling-off period, you must send a “notice of resignation” to the agent. You can waive your right to a cooling-off period or waive it by signing a separate waiver form when the agreement is signed. Notification of termination of an administrative agreement must be made in writing. If you are planning the termination yourself, we advise you to send the message by email and follow a call to your property manager. This way, you sent it and received it on the record. If you don`t want to make a personal commitment, we can of course do so on your behalf. Andrew Coulson: We are still talking about rules of conduct in terms of property management. Julie, there are 12 rules of conduct that apply together, which apply specifically to property management. Do you want to walk us through some of them? The broker may ask you to pay for advertising, auction fees, cleaning, decoration or landscaping, if stipulated in the agreement.

The cooling-off period begins when you sign the contract and ends at 17:00 on the business day or the following Saturday. For example, if you sign the agreement on a Friday, the cooling-off period will end on Saturday at 5 p.m. When you register on Saturday, the cooling-off period usually ends on Monday at 5:00 p.m., unless it is a public holiday, in which case it ends on Tuesday at 5 p.m. You can negotiate with the agent the amount of commissions, fees or other expenses you may have to pay. Before signing an agreement, it`s a good idea to talk to a few agents to compare prices. Ask each agent to have a printed list of their fees and the commissions and fees they charge. Don`t sign a property management agreement until you know exactly what it should contain and what it shouldn`t contain. If you are not satisfied with the services of an agent, it is important to terminate your contract with them correctly before registering with another agent.

Otherwise, both agents can charge you a commission if the property is sold. For example, on Thursday morning, the agent will give you a copy of the unsigned contract and the card that you read and examine carefully. On Friday afternoon, you sign the agency contract and the waiver form. The agency agreement becomes immediately mandatory and the agent can be made in exchange for the sale of your home.

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