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The whole value was excluded, he basically had them over a barrel because if they didn't sell to him he would have taken the properties with him to another agency he would have bought. The current agent had staff and infrastructure to deal with his properties that would no longer have been...

It was the landlord that bought the rent roll, actually he bought the whole office and sales business as well!

I think all agencies would discount for multiple listings we certainly do. I don't think having landlords with 2-4 properties on rent roll really impacts the valuation much, more than 4 I would say they would start discounting, a rent roll in Brighton Vic just sold and one owner had over 100...