Giving Notice to End Exclusive Real Estate Agency Agreement

I entered a sole agency selling agreement with a duration of 120 days.

NSW Fair Trading's fact sheet states that -

If the fixed term is longer than 90 days, you can give the agent 30 days written notice to end the agreement after 90 days

I interpret this to be that any time after 60 days I can serve 30 days notice. My RE agent says no. His take is that I can serve notice only after 90 days. I rang NSW Fair Trading and they agreed with his interpretation. But FT's phone service is just a call centre staffed with people who have no expertise other than the ability to read words (I'm really not being unkind).

If they are right then it should say "after 90 days you can give 30 days notice to end". Does anyone have some experience with this?

Comments

  • +12

    you can give the agent 30 days written notice to end the agreement after 90 days

    After 90 days you can give the agent 30 days written notice to end the agreement .

  • +3

    you can give the agent 30 days written notice to end the agreement after 90 days

    AFTER 90 days…

  • +4

    You need to wait 90 days.

  • +4

    I read it as notice can be given after 90 days

  • +2

    Can't see anything wrong with the fact sheet? 🤷‍♂️

  • +2

    I also interpret it the way you have.

  • +2

    You are wrong OP

  • Is this standard when selling houses? i.e. an exclusive agreement?

    Or is it cheaper or something to enter one of these?

    • Standard. Basically they don't want to market the joint on your behalf and then for you to sell it "via another agent" (i.e. directly to the purchaser to avoid commission). It's a standard clause that might appear negotiable (in terms of whether or not it is included … there is room to negotiate on time limits), but in practical terms is not.

      • Thanks for the info !

    • -3

      Not standard

      There is also open listing , which is a norm

      • Thanks for the info !

      • How many times have you seen this?

        • -3

          what kind of question is that ?

          you mean how houses i sold ? Just one.

          whatever you're trying to imply, there are plenty of open listings in the market, not just one.

          you can rock up to any agencies and ask for open listing

          ohh, it's not as easy as trying to sell direct after bypassing agent's referral without repercussion

          i see you're in Sydney where almost all sales are Auction , but not in other parts of Australia

          • +1

            @dcep: Open listing is definitely not the norm.

            Very few agents would take on a sale without being exclusive.

  • +5

    I actually agree with your interpretation, OP. I interpret it to mean that you can give 30 days written notice (within the 90 days) to terminate the agreement after 90 days.

    Edit - I am wrong with my above interpretation..

    A related piece of legislation outlines it a bit more clearer:

    (1) If the agreement is for a fixed term that exceeds 90 days, the agreement must include a term that entitles the principal to terminate the agreement (without penalty) by giving 30 days notice in writing to the agent at any time after the end of the first 90 days of the term.

    (Page 56, Point number 4: Fixed Term Agency Agreements: http://classic.austlii.edu.au/au/legis/nsw/num_reg/psabaa200…)

    • +3

      Agreed, Agent and fair trading is right

      found up to date legislation as well which says similar

      https://legislation.nsw.gov.au/view/html/inforce/current/sl-…

      (1) If the agreement is for a fixed term that exceeds 90 days, the agreement must include a term that entitles the person on behalf of whom the agent is acting to terminate the agreement (without penalty) by giving 30 days’ notice in writing to the agent at any time after the end of the first 90 days of the term.

  • Can you link the fact sheet?

  • +1

    I interpret this to be that any time after 60 days I can serve 30 days notice.

    I interpret OP needs to go back to Year 5 English Comprehension.

  • I interpret this to be that any time after 60 days I can serve 30 days notice.

    Huh…Where did you get 60 days, when it says

    If the fixed term is longer than 90 days, you can give the agent 30 days written notice to end the agreement after 90 days.

    90 days is not 60 days.

    • I interpreted it the same way as OP. It is so that the agreement ends at 90 days. 30 + 60 = 90.

      Sounds like that's wrong when looking at other info though.

      • I think the keyword is "after", not "at".

        After 90 days, you can give(the 30 day) notice.

        • "End the agreement after 90 days"

          The "after" sounds like the agreement ending, not giving notice.

          • @Quantumcat: Yes, 90 days is when the agreement ends, it's also when you can give your 30 days notice.

            https://www.ozbargain.com.au/node/563388#comment-9242820

            • @Ughhh: Yes I know that. But it isn't how it sounds from the language used in the original post.

              Eg

              Little Johnny's mum gives him half an hour's notice to come inside for dinner after playing.

              Does that sound more like, after little Johnny has finished playing, his mum gives him half an hour's notice to come inside for dinner so that he spends half an hour doing nothing before coming in, or, that while he is still playing, she will give him half an hour's notice that he will have to come inside for dinner and at the end of that half an hour (still playing all that time) he comes inside to have dinner.

              Maybe you disagree, but I think that while both interpretations are congruent with the words and grammar used, the second one seems more likely. This is the same interpretation that leads to what OP thought (which got shown to be wrong on further reading as the post you linked to shows).

  • @jazzpolice and others I am in the same position as you mentioned in this post. Did you ever find out if you could give the notice for for termination after 60 days ? Or did you have to wait the full 90 days before giving notice ?

    • I know this is a really old post, but if anyone else is searching for this, at least in NSW there is a consumer's guide. https://www.fairtrading.nsw.gov.au/__data/assets/pdf_file/00…

      This states:

      Of course, if the fixed term has less than 30 days left to run, you can just give notice to end the agreement at the end of the fixed term.

      So you can end it after 90 days, don't need to wait the 30 days to give the notice.

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