Quote Originally Posted by Soon2baKiwi View Post
Since 17 November 2009 it is required by law to give a value to the client (no longer a vendor). An estimated commission figure must be recorded on the agency listing form and a separate form acknowledged by the client that they understand where the agent has arrived at the value for their home. This form lists past sales and properties that are currently on the market. They will quite easily see where their property sits.
This is interesting, which law is this?

What is the thinking behind it, to give more transparency to fees? Do agents have to state say $750k or can they say $700k to $750k?

I aasume they are not held responsbile if they don't get it right?

All our agents brought a list of recent sales and then all gave a price range of what our villa could sell for, spanning about $100k, TBH I'd have been impressed if they could have pinpointed it anymore accurately.

Cheers

Tia