REIQ Best Practice Guidelines v03.23 - Flipbook - Page 21
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12. CONDUCTING OPEN HOMES AND
PRIVATE INSPECTIONS
Member Sales Agents should:
(a) conduct open homes for the property at a time,
day and frequency approved by the Client;
(b) request permission for a private inspection by
giving the Client as much notice as practicable;
(c) only allow prospective buyers to take
photographs or videos of the property with the
permission of the Client;
(d) if there is a tenant residing in the property, the
Member Sales Agent must obtain the tenant’s
written consent to do either of the following19:
i.
ii.
conduct an open house or allow an
open house to be conducted; and
allow prospective buyers to take
photographs or videos of the property
and tenant’s possessions.
(e) Communicate the outcome of the open home
or private inspection with the client as soon as
practicable after completion.
14. DEALING WITH PROSPECTIVE BUYERS
(a) Member
Sales
Agents
should
act
professionally, in good faith and honestly when
dealing with prospective buyers and discussing
a property for sale.
(b) Member Sales Agents should refrain from
using excessive sales tactics or apply such
pressure to a prospective buyer that the
prospective buyer makes a decision under
duress to either:
i.
enter a contract for sale on the basis of
a representation made by the Member
Sales Agent that any matter
concerning the prospective buyer may
be resolved after the contract is
entered; or
ii.
waive the benefit of a condition under
a contract.
13. AUCTIONS
If a property is to be sold by auction, it is best
practice that the Member Sales Agent provide a
copy of all relevant documentation to the Member
Auctioneer prior to the auction date, including but
not limited to:
(a) a copy of the PO Form 6 (if not already
provided);
(b) contract for Sale and relevant disclosure;
(b) title Search; and
(c) list of registered bidders.
19
Residential Tenancies and Rooming Accommodation Act 2008, s204 – penalties may apply
REIQ BEST PRACTICE GUIDELINES
V08.23
21