Recent content by alexg

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    Tenants purchased property - what is fair compensation for the agent

    Update 2 - Tragedy averted Thanks again for all of the responses. It has all worked out ok (I say ok in the lose sense). I made it very clear to my mother that she was to tell them that I was talking to a Lawyer and would get back to them with a package. She was to get the money back and never...
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    Tenants purchased property - what is fair compensation for the agent

    The property is mine. These are the facts that I can figure out: 1. My mum went into town to make sure everything was ok: she asked them about it. My mum loves to get involved in my business. 2. They then gave my mum the whole spiel including everything I had said, that I did not understand...
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    Tenants purchased property - what is fair compensation for the agent

    Update Update: This has now gone beyond a joke: I just got a call from my mum (who is old and frail). They told her that the commission is $10,000, that all things considered I should pay $5,000, but if we paid cash asap they would 'accept' $3,500. They then drove her to the bank, she...
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    Tenants purchased property - what is fair compensation for the agent

    Relationship under rental management agreement. Thanks for all of the replies. Cutting to the chase: More and more it looks to me like the real question here is whether they were acting as my agent, in a 'care of' style relationship while the rental management agreement was in place...
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    Tenants purchased property - what is fair compensation for the agent

    Yep, I hear you. I can see very little value that they added to my transaction. To be fair, it is hard to get it across in text, but they were not as forceful as it might sound. The wording they used was: "you have to think about what is fair and come back to us, we often do a deal with another...
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    Tenants purchased property - what is fair compensation for the agent

    management agreement clause Hi, and thanks for the replies! There is definitely no such clause in the management agreement. I read the fine print after the agent phoned me and it basically says something like they are only acting in the capacity of a managing agent and have no other...
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    Tenants purchased property - what is fair compensation for the agent

    This one is more of a moral question rather than a legal question. In these circumstances, should I offer to pay anything to the agent and if so how much should I offer to pay them: I owned a property, it was rented via a rental management agreement. The tenants wanted to buy the property...
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