(a) a written guide, in a form approved by the Commissioner for the purposes of this Division, explaining the seller`s rights and obligations under such an agreement; and (6c) If a seller is not licensed by an agent in accordance with subsection (6a), the distributor agreement expires on the date of its expiry and cannot be renewed. 5. Subject to paragraph 5a, the facts established or agreed in a commercial agent contract may be amended, provided that the amendment is in writing, dated and signed by the parties. The seller must issue the seller with a copy of the contract immediately after it is signed. Make sure you keep it, as it is an important written record of the contract you have approved. 4. An intermediary authorized under this section to act on behalf of a seller or buyer shall ensure that a copy of the contract or signed instrument has been immediately or subsequently delivered to the agent to the seller or buyer within 48 hours, in accordance with what has been agreed with the seller or buyer. (a) remind the Seller of the date on which the Contract expires and the Seller`s rights to terminate the Contract; and a real estate agent or seller may not act for a seller unless both parties have authorised the signing of a written sales agency contract (contract) in accordance with section 20 of the Land and Business Act 1994. Agents can extend the contract beyond 90 days by sending an “expiration notification” to their client.
(b) details of sales of comparable land and any other information on which the representative will rely to support his estimate of the selling price. (ii) the duration of the agreement (no more than the number of days required); and one thing to remember is that if the client and agent reach a written agreement on another period for which the contract must be renewed, the maximum renewal period is only 90 days. the contract must contain all the details necessary for the seller to sell the property, including: (a) any sales agency contract and any modification or extension of the sales agency contract in which the agent participates; and 2. A representative may not conclude a commercial agent contract unless the representative has previously provided the seller with the following information: (ii) if the contract is not renewed in accordance with point (i), it shall be considered to be extended by this paragraph by the period provided for in the Regulation from the date on which it would otherwise have expired. There is nothing left to do at this stage, unless the customer wishes to terminate the contract or agree with his agent on a shorter renewal period than that prescribed by the regulation. If the client does not choose anything, the duration of the brokerage contract is extended by 180 days. 10. For the purposes of this section, the termination of a commercial agent contract shall be deemed to have been delivered to the seller in the prescribed manner if it is avoided to the seller at least fourteen days before the expiry of the contract. (5a) A sales agent contract for the sale of residential land by auction cannot be modified by increasing the amount indicated in the agreement as a sale price approved or acceptable to the seller. (A) by a written agreement between the parties, dated and signed by the parties no later than fourteen days before the expiry of the contract; and (6 Sept sept) Where a sales agent contract between a seller and an intermediary for the sale of residential land is terminated by auctioning or modified by a reduction in the duration of the contract, the intermediary may not agree with the seller on a new sales agent contract by auctioning the same land with the following set: an amount greater than the amount indicated in the agreement before the termination or modification thereof, unless the period indicated as the duration of the agreement before the termination or modification of the agreement has expired. .