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    Agent wants reserve price in writing before auction

    Shuggy, would you mind sharing how the bidding went etc
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    Agent wants reserve price in writing before auction

    Well Shuggy, what was the outcome?
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    Agent wants reserve price in writing before auction

    In relation the a vendors bid, in QLD, and I think it is the same in most states, it must be declared, in such a manner that every one clearly understand it to be a vendors bid. Here is the situation with vendors bids and the reserve:- http://www.fairtrading.qld.gov.au/auction-bidding.htm Good...
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    Agent wants reserve price in writing before auction

    Shuggy, it seems we are both on at the same time. As we both know, all sellers want the best they can get, and the buyers want the pay the least they can. And they can be well appart. So yes, the agent does have to let a seller know where they sit in the market, and also in a reverse sense...
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    Agent wants reserve price in writing before auction

    Shuggy, sadly the Qld Gov did bring in that requirement with the last update of the legislation. I am sorry to read that you think him dodgy, just because the rules are different in your state. A bit of google time and you would have found the fact sheets, and found out the Qld requirements. I...
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