Current Real Estate Agent Sold His Book to Another Agent - What Are My Rights?

Vodafail on 25/08/2019 - 16:06

My real estate agent looking after my property sold his book to another RE Agent.

What are my rights? Do I have to stay with the current RE Agent? I have yet to sign the new contract

New RE Agent seems incompetent vs previous. I would always have to chase him for any reply (voicemail and email).

He would always promise over the phone and agree on a particular timeline. When the deadline is up, I follow up and he says that he's "On it"

I have just signed a normal Real Estate contract - is there any clauses that I need to look at?

I am based in NSW

Thanks in advance

Comments

SnoozeAndLose on 25/08/2019 - 16:15

+2

Just move to other REA. There shouldn't be penalty may be only 1 month notice?
kipps on 25/08/2019 - 16:49

+5

You really need to read your contract with the agent. Any advice given without the benefit of the contract is the blind leading the blind.
87percent on 25/08/2019 - 17:07

+1

If you're going to change, make sure you're not an a hole about it. The old agent should give the files/tenant information to the new agent and if you've been a Butthead, guarantee he'll drag his feet to do it or not give Everything
elgrande on 25/08/2019 - 18:57

+1

When my agent sold their books to another agency I had to enter into a new agency agreement. Whats the notice period on your existing agreement? Find a new agent and give the required notice.
Daabido on 25/08/2019 - 21:56

+1

More than ten years ago they were worth about $2000+ each. A nice little retirement earner.