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Thanks wylie, that was great feedback from a prospective buyers' point of view -- you're like my secret shopper :) I did make a disclaimer in that thread but sorry if i mislead you ... FYI, i've asked the agent to list it at $1.15m but of course it's negotiable like everything in life. Rent is...

Passed in http://m.realestate.com.au/property-unitblock-qld-labrador-108105806

Thanks Jacque :D:D:D

Thanks Macca, exactly the sort of info i was trying to locate . Have sent agent the reserve, fingers crossed.

Thanks i'll let you know how it goes and if i resort to plan B :)

Thanks Penny , i think your brother has a wise head on his shoulders if he doesn't trust agents . I'll do as you and Terry have suggested and put in a higher reserve which i can lower on the day . Agree with your thoughts on a vendor bid which i've decided if there's little/no bids . Agent tells...

Thanks Peter , appreciate your post and thanks for clarifying the new legislation which i couldn't locate . I agree the vendor and agent should be on the same page but in reality we both know there's a lot of games they play when they condition . I'll bite my tongue now until after the auction.

Thanks Jacque, yes we know the agent is supposed to work on our behalf but the informed know that they work for themselves . No sale = no commission so they condition both partys in order to make a sale . Agents don't care if it sells for $800k or $1m they just want it sold so they can pick up...

He wants the forms by 4pm Friday and the auction is this Saturday so he's given me 2 days to get both forms signed and returned to him . I suspect he left it to the last minute hoping he could run a reserve free auction ... typical dodgy RE agent behaviour. He started conditioning me 2 weeks ago :D

The dodgy agent has just emailed me the form and says if the form isn't returned then it's a reserve free auction. I think i'll enter a ridiculously high figure so they don't have any control when to put it on the market. It is a requirement of law that we have the signed letter of reserve...

Thanks Terry , i'll go with option 3) and tell him it's TBA on the day and i'm not signing anything

Thanks spludgey that's interesting to know as i think it would be tough to put a reserve in writing which the agent could use to place the property on the market , this kinda takes away any control . In the past i've had agents ask me for a reserve once the auction's commenced and if bidding has...

I got this message from an agent about an auction i'm having soon in QLD: With regards to further things to be done; I will send, with the report, a letter confirming your reserve price which must be signed along with the terms and conditions for the auction which also must be signed. Both...