TABLE OF CONTENTS
- How to Access
- Seller's Details
- Agent's Details
- Property's Details
- Sale Details
- Matters Affecting the Property
- Professional Fee
- Seller's Marketing Costs
- Property Particulars
- Signing
NOTE: It is important to peruse and follow the Elements of a Valid Appointment to Act Real Estate and Business Agents issued by the Western Autralian Government to ensure compliance. See below link for more information:
How to Access
The templates can be accessed using REA Forms. Be sure to select the appropriate form.
The commercial and business templates can be found in the Commercial Sales & Leasing section.
Seller's Details
Enter the Seller's details. You can add multiple vendors into the Name field. If the Vendor is a company or trust (entity), then you can enter the entity's full details (ie full name of company or trustee and trust including ACN if applicable) instead of the individual that controls the entity.
Agent's Details
The Trading Name and details will depend on your license type and this should be filled out as follows:
Agent Type = Salesperson (Employee of @realty):
Name = @realty Pty Ltd
ABN = 59 167 076 306
License Number = 3674008
License Expiry = 05/02/2027
Address = Level 11, 50 Cavill Ave
Mobile = Agents Mobile
Email = Agents Email
Agent Type = Licensed Agent (Operating as a Company = Yes)
Name = Company Name in conjunction with @realty Pty Ltd
ABN = User ABN
License Number = Corporate License Number
License Expiry = Corporate License Expiry
Address = Agents address
Mobile = Agents Mobile
Email = Agents Email
Agent Type = Licensed Agent (Operating as a Company = No)
Name = Agent Name in conjunction with @realty Pty Ltd
ABN = User ABN
License Number = Agent License Number
License Expiry = Agent License Expiry
Address = Agents address
Mobile = Agents Mobile
Email = Agents Email
Agent Type = Employee of Subcontractor & Franchisee
Refer to the Team Leader’s Agent Type and use those details
Property's Details
Select the option that is relevant to the property.
Then click Print as Below and type the property address and enter the property's legal information extracted from the Property's Title Search.
Select if the property is Vacant Land.
Sale Details
You will need to provide the required details in this section. It is important to complete all of the relevant fields.
Enter any relevant information about Previous Agents, or select NO if there are none.
Enter the term of the agreement, be sure to select if the Agreement is Exclusive.
Matters Affecting the Property
Include any chattels that are to be included in the property sale and list any Exclusions from the property sales.
Add in the details about the rental status of the property. Ensure you complete this in full.
CGT Withholding
For CGT Withholding you will need to tick 'Applicable' if the Vendor is a relevant foreign resident. Learn more here
If the CGT withholding is applicable, then you should tick who will be applying for the certificate (typically the accountant will be).
Professional Fee
You should estimate and detail the fees payable based on the maximum estimated selling price (including GST). Note that you must not rely only on percentage but also include the figure by way of example in sub-paragraph (a) below or by way opf actual in sub-paragraph (b) below. For example, enter:
2.2% calculated as $700,000 x 2.2% = $15,400
You can also enter in a Bonus Commission.
Seller's Marketing Costs
Select the appropriate marketing costs and enter the required amounts.
Then complete the Terms of Payment. The Other Details should include An invoice will be sent with the payment details.
Property Particulars
You can choose to include the property particulars. It is best practice to include this section.
Signing
Tick the relevant Acknowledgements
If you want the fully executed agreement to be sent to all parties once all signatories have electronically signed, tick this box.
NOTE that Section 60(2) of the REBA Act requires that the person obtaining the signature of the principal on the appointment must give a true copy of the appointment to the signatories immediately after the appointment is signed.
Tick the Vendor type.
Then send for e-signing by clicking the Blue Buttons.
If you want to print the form for physical signing, click on Save first, then Preview.
Then click the Print Icon in the top left corner
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