Real Estate Sales Process in NSW

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Added on  2020/07/23

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AI Summary
The assignment consists of three activities: (1) a conversation between a property sales representative and Mrs. Jarvis to discuss the sale of a property, (2) a meeting with Mr. and Mrs. King to cover necessary documents, and (3) an email from the sales representative to Mrs. Jarvis confirming the finalisation of the sale. The assignment requires students to understand the real estate sales process in NSW, including the roles and responsibilities of parties involved, the documentation required, and the communication between stakeholders.
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Real-estate course pathway
NSW-assignment 2
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Contents
Activity 1: Portfolio of Evidence.....................................................................................................1
Task (a)........................................................................................................................................1
Activity 2: Meeting with Mr and Mrs King.....................................................................................1
Activity 3: Email confirming finalisation of sale............................................................................2
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Activity 1 : Portfolio of Evidence
Task (a)
Me : Hello.. Mrs Jarvis
Mrs Jarvis : Hello.. How’s this?
Me : I am property Sales Representative.
Mrs Jarvis : Oh. !! Yesss
Me: I want to give you information about the property and all the legislative requirements
regarding the sale.
Mrs Jarvis: Ok, tell me.
Me: Name of the vendor’s are Mr and Mrs King. The property is located at 56 Maple Avenue,
Maple Isle, Queensland.
Mrs. Jarvis: Can you provide some information about the property.
Me: Yes sure, it is located near to sea, space for parking is available, it is near to main city, etc.
In short you will get all the requirements fulfilled. The price for which they are selling is $
500,000.
Mrs. Jarvis: $ 500,000. !!! Price is too high.
Me: There are some reduction that can be done but the final price will be $ 495,000. The location
is Queensland and you know how difficult is to get property there. All the requirements that were
discussed by you are covered. Apart from this, the people who are selling this property have all
the documents cleared.
Mrs: Jarvis: This will be ok with me.
Me: There are advertisement cost included which is $ 500.00, this will be payable at settlement.
All the legal document are clear, it is owned by both Mr and Mrs Kings. There will be no issue
faced by you to get the property transferred to your name. Apart from this, there will are not
other expenses. Further, it is important to have address proof.
Mrs Jarvis: I will provide all the necessary personal information that will be required. Before
that, I will like to see the property first, then we will go through the process. I will not assure you
that I will purchase the property. I will first visit the property and when I am satisfied with all the
think, I will contact you.
Me : Will you be free tomorrow.
Mrs Jarvis: Yes
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Me: Ok then, we can go to see the property at 10 am, if you are ok with it.
Mrs Jarvis: Yes will be fine with me. Tomorrow at 10.
Me : For process, there are some formalities that has to be covered. In this, you have to get sales
authority agreement and contract of sale, when you are satisfied with the property. The process
will not take much of you time.
Mrs Jarvis: We will discuss all these information when I see the property .
Me: Any other think that you want to discuss?
Mrs Jarvis: Yes, one more thing, do I need to bring any type of ID proof in case there are any
legal terms that has to be covered.
Me: Yes, it will be good that you take id proofs. This will be helpful to starting up the contract
for the property.
Mrs Jarvis: Ok sure I will bring it .
Me: Will see tomorrow, bye.
Mrs Jarvis: bye.
Activity 2 : Meeting with Mr and Mrs King
Covered in PPT
Activity 3 : Email confirming finalisation of sale
Send
To : hb@hb.com.au
Cc … robbins@rw.com.au
Bcc. ..
Subject Confirming finalisation of sale
Dear Madam ,
This is a conformation mail in which you are authorised to take over the authority
claiming information and relevant documents in regard to the possession of property.
You will be responsible for collecting official documents, receiving them, signing
papers related to possession and hand over of the property. This right will be effective
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when period of Exclusive Agency Agreement gets over. Further, all the information
that are provided by you and client has been properly verified. All the documents of
property are made on you name. It will be given when the 90 days of Agency
agreement that are taken by the client gets over.
My clients lawyer Robbins Watson is aware of the authorization and he will be
working towards claim of the documents and handing over the responsibilities. The
lawyer will be the one who will provide you the documents. When the all the
clarifications are done from your side , then payment need to be done on the account
number that was provided to you.
It was pleasure doing business with you. Thanks for the corporations and support you
have given. In case of any type of queries, you are free to contact our team. Our team
members will contact you immediately. In future, if you have any type of concerns or
conditions were you need to sell or purchase property, then we will be happy to help
you.
Regards ,
Sales Representative working at City Surf Real Estate
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