Real estate agent - Commission

Agent commission trap?

Posted on October 13, 2013 by | 0 Comments
Claudia Fiori knew selling her home would come at a cost, but drew the line at paying commission to an agent who, she claims, did nothing. Ms Fiori believes she was led into a trap of signing an exclusive contract with LJ Hooker’s Kathy Phillips when she put her Woodridge house up for sale. However, 36 hours after signing the contract Ms Fiori sacked Phillips. According to Ms Fiori Phillips allegedly agreed to terminate the contract. However,...

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Sellers escape liability for two commissions

Posted on September 15, 2013 by | 0 Comments
Mitchells (and our resident real estate watchdog Tim O’Dwyer) have long argued that real estate laws across the nation should be changed so only one commission is payable on any residential sale. In this case study, written by Tim for his regular Real Estate Escapes column in Australian Property Investor Magazine, both a selling agent and an introducing agent claimed commission on the same sale: Because of my reputation as a consumer advocate, few real estate agents ever...

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Estate Agent Escapes Nation-wide Publicity On Unwarranted Commission Claim

Posted on September 9, 2013 by | 2 Comments
OPINION by Tim O’Dwyer M.A., LL.B Solicitor Consumer Advocate watchdog@argonautlegal.com.au     Six months after successfully settling a sale to private buyers, Paul & Janet Goodfellow were shocked to receive a solicitors’ letter enclosing a $14,355 invoice.  The solicitors represented Goodfellows’ former agent, Acme Realty.   The invoice was for Acme’s commission on Goodfellows’ sale to their buyers, John and Jill Scott. The letter recited that in May 2008 Goodfellows appointed Acme as their sole agent...

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