Note: if a price range is specified, the difference between the upper and lower amounts cannot be more than 10% of the lower amountSingle amount:$OR Between$550000and$605000TERM OF EXCLUSIVE SELLING PERIODFrom the date of signing this authorityThis Exclusive Selling Period will be for a period of60days SOLE AGENCY PERIODIf an agreement stating that an estate agent is to act as the sole agent for the sale of any real estate or business does notstate when the sole agency is to end, the sole agency ends:(a)in the case of a sale by auction, 30 days after the date of the auction; or(b)in any other case, 60 days after the date the agreement is signed by, or on behalf of, the vendor of the real estate or business.NON EXCLUSIVE SELLING PERIODNote: Where no days are inserted, the period shall be 1 Business Day.At the end of the term of the Exclusive Selling Period (Item 6), unless terminated, this Authority will continue as a Non Exclusive Selling Authority for a period of60daysEither party may terminate this Authority during the non exclusive selling period at any time on the giving of not less than7days written noticeSuch termination will be without prejudice to either parties existing rights, duties or obligationsPERFORMANCE OF SERVICENote: Terms must not be unfair, refer Schedule 1, Part 2-3 of the Competition and Consumer Act 2010 (Cth)The parties agree the Agent will perform the services set out below and the Agent agrees to perform such services with due care & skill. [If insufficient space attach schedule]LIST, MARKET AND SELL PROPERTY; 2 INSPECTIONS PER WEEK (OPENS); NEGOTIATE WITH PURCHASERSThe Agent is authorised to advertise the Property for the following price or price range:Single amount:$OR Between$550000and$605000FEE PAYABLE TO AGENT FOR SERVICESSelling Fee: Based on an estimated Selling Price of $605000GST Exemptthe Agent's Selling Fee would be as calculated using one of the following methods:64
X2%Of the selling priceOf the first $ of the GST excl Selling Price plus % of the balanceFixed amount of $ plus GSTOther:Where calculated on a % basis, as set out above, the Selling Fee as an actual dollar amount would be:Selling Fee: $12100.00 plus GST of $1210.00 Total Fee Payable $13310 (incl. GST)EXPENSESThe Vendor shall reimburse the Agent for the following authorised Expenses incurred during the term of this Authority:ExpenseAmount (Include GST)Due and PayableAdvertising / Marketing$5500Payable on signing of this authority* When Due and Payable is left blank, Expenses are payable on receipt by the Vendor of an itemised invoice.[Note: Payment is not dependent upon a sale taking place]FEES AND EXPENSES ACKNOWLEDGEMENTThe Vendor confirms, prior to signing this Authority, the Agent advised that Expenses and Commission payments were subject to negotiationVendor Initials: PRNOTICE OF COMMISSION SHARINGCommission Sharing applicable:YESXNO(If "Yes", complete this Item)Important information for Vendor(s)
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