In broad terms, this document allows the real estate agent to be the sole party selling your property, acting on behalf of the vendor (you) and liaising with all persons who enquire about the property, for a set period of time. This time period may then lapse and the estate agent may be entitled to act on an ongoing basis, until you (the Vendor) have terminated the contract in writing, in accordance with the manner set out in the agreement. If you do not properly terminate the agreement in writing and properly in accordance with law, then the real estate agent will hold you liable for fees related to the sale of the property, even if you have obtained a new real estate agent.
Posted on Feb 11, 2012 | Comments (0)
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