REIQ Best Practice Guidelines v03.23 - Flipbook - Page 30
THIS CHAPTER 3 APPLIES TO MEMBER AUCTIONEERS AND SHOULD BE READ IN
CONJUNCTION WITH CHAPTER 1 OF THESE GUIDELINES.
1. NEW APPOINTMENT
3. VERIFICATION OF PROPERTY
In conjunction with the PO Form 6 & Residential
Sales Schedule and Terms, Member Auctioneers
are encouraged to use the REIQ Auction Checklist,
Conditions of Sale for Public Auction, Bidders
Guide, Bidder Registration Form and Notice of
Reserve Price.
Auction Forms
Available in Realworks
Member Auctioneers should take reasonable steps
to verify the details of the property they have been
appointed to sell at auction by obtaining a title
search of the property and any other property
research the Member Auctioneer may obtain to
verify the details of the property21.
4. SETTING A TIME, PLACE AND DATE
FOR AUCTION
2. REFERRAL FROM LISTING AGENT
Member Auctioneers should ensure the auction is:
(a)
Member Auctioneers may be appointed to
provide auctioneering services to a Client
at the referral of the Client’s Sales Agent.
(b)
Member Auctioneers must ensure they are
validly appointed to act as an Auctioneer
under a PO Form 6 from the Client in
relation to the sale of a property.
(c)
The PO Form 6 must state the day set for
the auction20.
(a) scheduled at a suitable time on the stated date
with consideration to the practical convenience
of the general public (ie. during daylight hours,
not on a public holiday such as Easter,
Christmas and Anzac Day); and
(b) held at a location that is accessible, safe, free
from hazards or other deterrents.
5. CONSENT TO HOLD AN ONSITE
AUCTION
If the property is rented at the time of the
scheduled auction, the Member Auctioneer should
confirm the Sales Agent or Property Manager has
obtained a signed consent from the tenant to hold
the onsite auction prior to entry22.
The Office of Fair Trading
website has general
information about
requirements for Auctions
in Queensland
6. CLIENT’S INSTRUCTIONS – RESERVE
(a) Member Auctioneers should obtain a signed
Notice of Reserve Price from the Client prior to
the auction, setting out the:
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REIQ BEST PRACTICE GUIDELINES
V08.23
Property Occupations Act 2014, s 107
Property Occupations Regulation 2014, s 19
Residential Tenancies and Rooming Accommodation Act 2008, s 204
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