REIQ Best Practice Guidelines v03.23 - Flipbook - Page 20
(d) An advertisement for the sale of a property
must contain:
i.
a sufficient description of the property;
ii.
the location of the property; and
iii.
the sale price.
(e) Member Sales Agents should discuss with their
Client the options available to them for
advertising the property and the expression of
the asking sale price. Member Sales Agents
should make recommendations based on their
expertise as to how an asking sale price should
be expressed to secure the best sale price for
their Client.
(f) Member Sales Agents must seek their Client’s
approval for any advertising or marketing prior
to publication.
•
Note:
(a) Expressing a sale price as “offers over” may
be
considered
bait
advertising
if
substantially higher offers are received.
(b) Expressing a sale price within a range may
be deceptive and misleading conduct if the
Client is not willing to accept a price in the
lower of the range advertised.
(c) If a Client changes their instructions with
respect to the listing price and what they are
willing to accept, the advertised listed price
should be changed (see Guideline 9).
9. CHANGE IN LISTING PRICE
Member Sales Agents should obtain written
instructions prior to changing the listing price of a
property. We recommend using the REIQ Seller’s
instruction to change listing price.
Instruction to Change Listing Price
Available in Realworks
18
10. PHOTOGRAPHY
(a) Member Sales Agents should only include
recent photographs of a property in their
advertisement and marketing of the property
and refrain from breaching any copyright laws.
(b) Member Sales Agents should not use
photographs in their advertisement and
marketing of the property if the photographs
have been altered to the extent that they are
misleading or depict the area, colour, condition
or features in or around the property to be
different than they are.
(c) If the property is tenanted, the Member Sales
Agent must not use a photograph containing a
tenant’s personal property unless the tenant
has provided written consent to the Client or
their Property Manager18.
11. IF THE PROPERTY HAS A TENANT
(a) A Member Sales Agent must give the tenant a
Notice of lessor's intention to sell property
(RTA Form 10) to advise them of the intended
sale of the property.
(b) The Form 10 must be given to the tenant
before, or when, an Entry Notice (RTA Form 9)
is given to the tenant, to show prospective
purchasers the property. A Member Sales
Agent must also give a copy of this form to the
Property Manager/owner before entry.
(c) A Form 9 must be provided to the property
manager and tenant prior to each entry.
(d) A Member Sales Agent should use their best
endeavours to accommodate the tenant with
their preferred communication.
All RTA Forms
Available in Realworks
Residential Tenancies and Rooming Accommodation Act 2008, s 203 – penalties may apply
REIQ BEST PRACTICE GUIDELINES
V08.23
20