Conjunction Agreement - AUQLDREPS010

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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 v2.0

Copyright statement updated.

 

01 Dec 2014 v1.9

Additions / Changes:


Item 6

LISTING AGENT’S NEGOTIATED COMMISSION (Specify the method used to calculate commission in the Appointment (Form 6) entered into with the client)

Commission: ………………………………………………………….................................…………………….


Item 7

AGREEMENT TERMS *(Specify the Commission as a $ value or % of the GST-exclusive selling price of the Property.)

7.1

Conjunction Period: Starting: ……..../…….../………...    Ending: ……………….…….……………….

7.2

Gross Commission: ……………………..………..…….(including GST)*

Note: If left blank the maximum commission as prescribed under the Regulation is assumed to be the Gross Commission for the purpose of Commission Apportionment.

7.2

Commission EntitlementApportionment:  (see Clause 4)

__ Listing Agency: ………..%    Conjunction Agency: ……….%

OR

__ ………………………………………………….…………………

7.3

Inspection Conditions (if applicable):

……………………………………………………………………………………………………………………

7.4

Additional Conditions (if applicable):

……………………………………………………………………………………………………………………


Clause 1(1)

Act: the Property Occupations Act 2014 Agents and Motor Dealers Act 2000 as amended.


Clause 1(3)

Gross Commission: The sales commission negotiated by the Listing Agency and the Seller.


Clause 1(4)

Regulation: the Property Occupations Regulation 2014 Agents and Motor Dealers Regulation 2001 as amended.


Clause 3.2

By signing this Agreement both parties warrant that they are currently licensed Real Estate Agents in accordance with Section 97(1) 160(1) of the Act.


Clause 3.3

The Listing Agent or Conjunction Agent must not contravene the provisions of Section 154 and 155 144 and 145 of the Act with respect to obtaining a beneficial interest.


Clause 4

The Conjunction Agency will, at or before Settlement, provide an invoice to the Listing Agency (in accordance with Item 7.2) and the Listing Agency will pay the Conjunction Agency’s portion of Commission Entitlement forthwith upon the Listing Agency receiving payment of the sales commission.


Clause 5

(a)

instruction to do so from the Seller; or

(a)

agreement between the Listing Agency, and Conjunction Agency and the Seller; or

(b)

termination (including expiry) of the original a PAMD 22a Appointment of Real Estate Agent between the Listing Agency and the Seller in accordance with the Property Occupations Act 2014.

 

12 Mar 2014 v1.8

Additions / Changes:

 

Clause 1(2)

Client: means Seller/Vendor or Prospective Purchaser or Purchaser.

 

Clause 1(4)

Parties: means the Listing Agency and the Conjunction Agency.

 

Clause 7

Privacy Statement

7.1

The Parties must comply with the provisions of the Australian Privacy Principles (Privacy Act 1988) and where required maintain a Privacy Policy.

7.2

The Privacy Policy outlines how the Parties collect and use personal information provided by the Client/s, or obtained by other means, to provide the services required by the Client/s or on the Client/s behalf.

7.3

The Parties agree, subject to the Privacy Act 1988 (CTH) and only where the Client/s prior consent has been obtained, to use and disclose such information to:

(1)

other Client/s, to the extent required to prepare a contract for the sale of the Property, and /or

(2)

property data collection agencies; and /or

(3)

Body Corporates & financial institutions; and/or

(4)

other third parties as may be required by the Parties for the purposes of marketing, sales promotion and administration relating to the use of the Parties’ products and services and complying with legislative and regulatory requirements.

7.4

Without provision of certain information the Parties may not be able to act effectively or at all on their respective Clients’ behalf.

7.5

Where the Client has consented and subject to the Privacy Act 1988 (CTH) each Party is authorised to access the Client’s personal information held by the other Party and in addition may in accordance with the Client’s instructions require correction or amendment of any inaccurate, incomplete, out of date or irrelevant information.

7.6

Each Party will provide (where applicable), on request, a copy of its Privacy Policy.

7.7

Where a Party fails to comply with the provisions of the Privacy Act 1988 (CTH) or the privacy provisions of this Agreement such that the other party suffers loss or damage the party at fault indemnifies the other against such loss or damage.

 

22 Aug 2012 v1.7

Additions / Changes:


Item 1

LISTING AGENCY

Business Name:.........................................................................................................................

Trading As: ………………………………………………………………….…..……………………………….

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

ACN:.....................................  ABN:….....................................  Licence No.:…………....…………

Phone: .......................................... Fax: ......................................... Mobile:...............................

Email: .............................. Contact: ………………….… Licence No.:……. GST Registered: Yes/No


Item 2

CONJUNCTION AGENCY

Business Name:........................................................................................................................

Trading As: ………………………………………………………........…….………………………………….

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

ACN:....................................  ABN:….................................  Licence No.:……….....………………

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

Email: ................................ Contact: …………..……… Licence No.:……. GST Registered: Yes/No


Item 3

BASIS OF CONJUNCTION AGREEMENT   (tick the applicable option)

__ The Conjunction Agency introduces the Prospective Purchaser/s (Item 5) to the Listing Agency for the sale of:   __ the Property in Item (4)   OR   __ any Property sold by the Listing Agency

__ Other: ………………………………………………………………………………………………………….


Item 4

Price: ................................................... (including GST where applicable)


Item 5

SELLER (optional)

Name/s: ....……………………….………………………………………….…………………………………..


Item 7

TENANT (if any)

Name/s: …………………………………………………………………………………………………………..


Item 6.2

Gross Commission negotiated by the Listing Agency and the Seller: .........(including GST)*

(see column note)

Note: If left blank the maximum commission as prescribed under the Regulation Property Agents & Motor Dealers Regulation 2001 is assumed to be the Gross Commission for the purpose of Commission Apportionment.


Item 6.3

Commission Apportionment: (see Clause 4)   __ Listing Agency: ……..% Conjunction Agency: …….%

                                                            OR __ …………………………………………….……………..

(The Listing Agent will pay the Co-Agent’s apportionment of Commission upon Settlement of the Contract of Sale and upon receipt of such monies will supply the Listing Agent with a tax invoice for the full amount)

Agreement terms accepted by Co-Agent: __ Yes  __ No


Item 7

SIGNATURE OF CONJUNCTION AGENCY Note: the Licensee for each Agency should sign this form

Signature of Conjunction Agency Licensee: ……………………………………    Date: ___/___/______

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


LISTING AGENCY AGREEMENT & ACCEPTANCE

To: (Conjunction Agency) ……………………………………………………………………………………...

Re: (Client) ..……………………………………………………………………………………………………..

We the Listing Agency   __ Agree to & accept your conjunction   OR   __ Do not agree to accept your conjunction

Comments: ………………………………………………………………………………………………………

From Listing Agency: .………………………………………………………………………………………….

Signature of Listing Agency Licensee: ……………………………………………..  Date: …../……/……


Clause 1

Definitions

In this Agreement the following terms mean:

(1)Act: the Property Agents and Motor Dealers Act 2000 as amended
(2)Gross Commission: The sales commission negotiated by the Listing Agency and the Seller.
(3)Regulation: the Property Agents and Motor Dealers Regulation 2001 as amended.

Clause 2

Communication

All communications (including offers and otherwise) with the Seller must be made through the Listing Agency.


Clause 3

Warranty

3.1

The Listing Agency warrants that they have full authority under their Appointment of Agent to enter into this Conjunction Agreement.

3.2

By signing this Agreement both parties warrant that they are currently licensed Real Estate Agents in accordance with Section 160(1) of the Act. Property Agents and Motor Dealers Act 2000.

3.3

The Listing Agent or Conjunction Agent must not contravene the provisions of Section 144 and 145 of the Act Property Agents and Motor Dealers Act 2000. with respect to obtaining a beneficial interest.


Clause 4

Remuneration

The Conjunction Agency will, at or before Settlement, provide an invoice to the Listing Agency and the Listing Agency will pay the Conjunction Agency’s portion of Commission forthwith upon the Listing Agency receiving payment of the sales commission.


Clause 5

Termination

This Agreement can only be terminated by:

(a) instruction to do so from the Seller; or
(b) agreement between the Listing Agency, Conjunction Agency and the Seller; or
(c)termination (including expiry) of a PAMD 22a Appointment of Real Estate Agent between the Listing Agency and the Seller.

Clause 6

Provision of Documents

The parties agree and confirm this Agreement documents may be forwarded electronically if the recipient has provided an email address or facsimile number, for delivery or service of documents, in the Item Schedule to this Agreement.


Clause 7

Privacy Statement

7.1

The Conjunction Agency may use personal information provided by the Vendor to provide the services to the Vendor or on the Vendor’s behalf and may, subject to the Privacy Act 1988 (CTH) (where applicable), use and disclose such personal information to:

(1)potential buyers; and/or
(2)property data collection agencies; and/or
(3)Owner’s Corporations & financial institutions; and/or
(4)other third parties as may be required by the Conjunction Agency for the purposes of marketing, sales promotion and administration relating to the use of the Agent’s products and services and  complying with legislative and regulatory requirements.

7.2

Without provision of certain information the Conjunction Agency may not be able to act effectively or at all on the Vendor's behalf.

7.3

The Vendor has the right to access such personal information and may require correction or amendment of any inaccurate, incomplete, out of date or irrelevant information.

 

18 Nov 2011 v1.6

Additions / Changes:


Item 8

SIGNATURE         Note: the Licensee for each Agency should sign this form


Clause 1.4

By signing this Agreement both parties warrant that they are currently licensed Real Estate Agents in accordance with Section 160 (1) of the Property Agents and Motor Dealers Act 2000 Section 160 (1).

 

18 Mar 2011 v1.5

Additions / Changes:


Item 2

Company Name: .....................................................................................................................

Trading As: …………………………………………………….………………………………………………

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

..............................................................…………………………. ABN: .......…...........................

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

Email: .........................................………Licence No.:…………………… GST Registered: Yes/No


Clause 1.3

The Listing Agent warrants that they have full authority under their Appointment of appointed Agent to enter into this Conjunction Agreement.


Clause 1.6

The parties agree and confirm documents may be forwarded electronically to a person if that person has provided an email address or facsimile number, for delivery or service of documents, in the Item Schedule to this Agreement.

 

 

24 Sept 2008 v1.4

Additions / Changes:


Item 7

7.1

Conjunction Period: Starting: …../…./…..    Ending: ……………….……………………………….

7.2

Selling Fee: ……………………….. (including GST) (see column note)

7.2

Gross Commission negotiated by the listing Agent and the Seller:

………………………………........................................………. (including GST) (see column note)

Note: If left blank the maximum commission as prescribed under the Property Agents & Motor Dealers Regulation 2001 is assumed to be the Gross Commission for the purpose of Commission Apportionment.

7.3

Commission Apportionment: Listing Agent: ………..%    Co-Agent: ………….%

(The Listing Agent will pay the Co-Agent’s apportionment of Commission upon Settlement of the Contract of Sale and upon receipt of such monies will supply the Listing Agent with a tax invoice for the full amount)

Listing Agent: ………..%    Co-Agent: ………….%

OR

……………………………………………………………………………………………………….......

7.4

Agreement terms accepted by Co-Agent: Yes / No

 

26 Sept 2007 v1.3

Additions / Changes:


Item 4

Name/s: ………………………………………………………………………………………………………..

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

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


Item 5

Name/s: ………………………………………………………………………………………………………..

Address:.................................................................................................................................

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

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


Item 6

Name/s: ………………………………………………………………………………………………………..

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

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


Item 7

Expiry Date: ……/……/…….       Selling Fee: …………………………………………… (incl. GST)

7.1

Conjunction Period: Starting: …../…./…..    Ending: ……………….……………………………….

7.2

Selling Fee: ……………………….. (including GST) (see column note)

7.3

Commission negotiated by the listing Agent and the Seller: ……………………………………….

7.4

Commission Apportionment:  Listing Agent: ………..%    Co-Agent: ………….%

(The Listing Agent will pay the Co-Agent’s apportionment of Commission upon Settlement of the Contract of Sale and upon receipt of such monies will supply the Listing Agent with a tax invoice for the full amount)

7.5

Agreement terms accepted by Co-Agent: Yes / No


Item 8

By signing this Agreement both parties warrant that they are currently licenced Real Estate Agents in accordance with the Property Agents and Motor Dealers Act 2000 Section 160 (1).


Clause 1

(1)

Property: all other inclusions or exclusions will be as described in the Contract of Sale.

(2)

Commencement Date: the date the last signature is obtained on this Agreement.

(3)

Appointment: the PAMD 22a Appointment of Real Estate Agent


Clause 3

This Agreement can only be terminated by:

(a)

instruction to do so from the Seller; or

(b)

agreement between the Listing Agent, Co-Agent and the Seller; or

(c)

termination (including expiry) of an PAMD 22a Appointment of Real Estate Agent between the Listing Agent and the Seller.


Clause 4

4.1

The Selling Fee shall be payable to the Co-Agent from the Listing Agent upon Settlement of the Contract of Sale

4.2

Upon receipt of the Selling Fee the Co-Agent must provide the Listing Agent with a Tax Invoice for the full amount.

 

12 Feb 2007 v1.2

Additions / Changes:


Item 5

Room for Prospective Purchaser details added.

 

12 Dec 2005 v1.1

Additions / Changes:


Clause 6

By signing this Agreement all parties agree to having given prior approval, in accordance with the Electronic Transactions (Queensland) Act 2001, for electronic transmission of this Agreement and any other related agreements, for signing purposes or otherwise, as far as such means of communication have been indicated in this document (ie. Facsimile numbers & email addresses).