Auction Reserve Price Notice - AUQLDREPS040

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BLACK = Old Item/Clause  | RED = New Item/Clause | BLUE = Comments About Change (Not Part of Form) | STRIKEOUT = Wording Deleted

 

11 Jun 2015 v1.3

Copyright statement updated.

 

01 Dec 2014 v1.2

Additions / Changes:

Header

AUCTION RESERVE PRICE NOTICE

Section 213 Property Occupations Act 2014

Item 4

PROPERTY

Address: ………………………………………………………………………………………………………………..

Item 4

AUCTION DETAILS

Property for Auction:…………………………………………………………………………………………………..

Date of Auction:  …../…../……   Time: …………………….. Place:…………………..………………………….

Reserve Price: ……………………………….. (If not completed, Notice to Seller/s will apply)

 

Notice to Seller/s: If no Reserve Price is set, the Property will be sold for the price offered by the highest of any bids made at Auction in accordance with Section 574A(2) of the Property Agents and Motor Dealers Act 2000 Act.

By initialing the Seller/s confirm they understand the Notice to Seller/s above: ………………...……………

Item 5

NOTICE TO SELLER (to be completed by the Auctioneer)

5.1

The Auctioneer (Item (1)) confirms the following Details regarding the Auction for the Property (Item (4)).

 

Date of Auction:  …../…../……   Time: …………………….. Place:…..………………………………….

 

The Auctioneer requires the Seller to complete Item (6) (Notice of Reserve Price to Auctioneer) and return a signed copy of this notice to the Auctioneer.

5.2

The Auctioneer gives notice to the Seller, in accordance with Section 213(2) of the Property Occupations Act 2014, if no Reserve Price is set by the Seller the property will be sold for the price offered by the highest of any bids made at Auction.

 

Auctioneer’s Name:      …………........................................................………………

 

Signature: …………………………...............................          Date:         …./…./…….

Item 5

5.1

The Auctioneer is instructed to conduct the Auction in accordance with the directions set out in Item (4).

5.2

The Reserve Price set out in Item (4) may differ from the Reserve or Listing Price specified in the PAMD 22a Appointment of Real Estate Agent, Part 4.2 in which case the Reserve Price in Item (4) will be applicable.

Item 6

NOTICE OF RESERVE PRICE TO AUCTIONEER (to be completed by the Seller)

6.1

The Seller/s instruct the Auctioneer to Auction the Property in accordance with auction details in Item (5):

__ (a) at not less than the Reserve Price of : $......................

      or

__ (b) without a Reserve Price

6.2

The Auctioneer <is/is not> authorised to sign the Contract of Sale on the Seller/s behalf.

6.3

If the Seller does not set a Reserve Price (Item 6.1(a)) the Seller confirms it understands the property will be sold for the highest of any bids made when the property is auctioned.

Seller 1 Name:      ………………………….………            Seller 2 Name:       ………….………………

Signature: ………………………….......................            Signature: ……………………….……………

Date:         …./…./…….                                                 Date:         …./…./……..

Seller 3 Name:     .………………………….………            Seller 4 Name:       ………….………………

Signature: ………………………….......................            Signature: ……………………….……………

Date:         …./…./…….                                                 Date:         …./…./…….

Item 6

AUTHORISATION FOR AUCTIONEER TO SIGN ON SELLER’S BEHALF

I/we the Seller/s of the Property listed in Item (4) hereby authorise the Auctioneer listed in Item (1) to sign the Contract for Sale of the Property on my/our behalf should the bidding reach the Reserve Price: __Yes  __No

Item 7

SIGNATURES

Seller (1)                                                  Seller (2)

Name:      ……………………………             Name:       ………………………...

Signature: …………………………...             Signature: …………………………

Date:         …./…./…….                              Date:         …./…./……..

 

Auctioneer

Name:      ……………………………

Signature: …………………………...

Date:         …./…./…….

 

20 Dec 2010 v1.1

Additions / Changes:

Item 2

Name: ……………………………………………………………………………………………………

Address: …….…………………………………………………………………………………………..

ABN: ………...……… Phone: ………...………  Fax: ……...…………  Mobile: ……...…………

Email: …………………………………………………………  Contact: ..…..……………..………..

Item 6

I/we the Seller/s of the Property listed in Item (3) hereby authorise the Auctioneer listed in Item (1) to sign the Contract for Sale of the Property on my/our behalf should the bidding reach the Reserve Price:  Yes / No