Savills Australia Sellers Guide

Legal Our adherence to the highest industry standards is evident through our implementation of stringent legal procedures. This effort not only ensures adherence to legal requirements but also aligns closely with our client’s specific needs throughout Australia. Property agency agreements are contracts between a property owner and Savills outlining the terms of engagement for the sale of a property. These agreements detail the responsibilities of both parties, including the scope of services provided by the agency, the duration of the agreement, and the agreed-upon commission or fees. At our core, professionalism defines our commitment to protect the owners’ interests. New South Wales (NSW): Offers five agency agreement options – Exclusive, Auction, Sole, General Listing/Open, and Multiple Queensland (QLD): Provides a choice between Exclusive, Sole, Auction, or Open Agreements Victoria (VIC): Offers three types of agreements - Exclusive, General, or Auction Sales Authorities South Australia (SA): Predominantly uses sales agency agreements, requiring commission payment even if the property doesn’t sell Western Australia (WA): Utilises selling agency agreements, providing choices between Exclusive, Non-exclusive, or Authority to Auction agreements Australian Capital Territory (ACT): Employs Exclusive and General Sales Agreements Exclusive Agency Agreement: Grants one agent the sole right to sell your property, prohibiting other agents from soliciting you during the contract Sole Agency Agreement: Offers exclusive selling rights to one agent while allowing you to seek out a buyer independently General Listing/Open Agency Agreement: Doesn’t grant exclusive rights to any single agent Multiple Listing Agreement: Involves signing up with an agent affiliated with a network of agents for property listings Auction Agency Agreement: Designed for properties auctioned, similar to an exclusive agency agreement otherwise Savills Sellers Guide | 13