Auctioneer fees - Marketing package

Discussion in 'Property Management' started by Nem, 4th Dec, 2018.

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  1. Nem

    Nem Well-Known Member

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    When does auctioneer need to be paid? At the time of the booking or only if there is an auction??

    We had our house for the auction, then after 2 weeks removed from the auction and advertised for sale. Do I need to pay the agent marketing package with the auctioneer fees as originally quoted? There weren't invitations sent, no A4 brochures printed, no auction....
     
    Nem, 4th Dec, 2018
    #1
  2. Trainee

    Trainee Well-Known Member

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    Did you speak to your agent? Usually yes the auction fees have to be paid even if there is no auction.
     
    Trainee, 4th Dec, 2018
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  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    depends on the terms of your contract.
     
    Terry_w, 4th Dec, 2018
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  4. Nem

    Nem Well-Known Member

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    I can't find the part in the contract if the house doesn't sell (as house wasn't sold and not on the market any longer). Contract only covers if house is sold...
     
    Nem, 4th Dec, 2018
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  5. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    surely there would be a clause as what if the auctioneer does the auction and it doesn't sell? they wouldn't be paid for this.
     
    Terry_w, 4th Dec, 2018
    #5