Contract of Sale of Real Estate

Do the following questions 13 , 14 , 15 , 17 , 30 , 34 also READ THE QUESTIONS CAREFULLY I do not want any other revisions IMPORTANT question 34 has to be referred to assesment question 14a and 14b

Running head: REAL ESTATE
REAL ESTATE
Name of the Student
Name of the University
Author Note

1
REAL ESTATE
Q15:
To: Brian Brown
CC: Jessica Brown
Sub: Thank you for giving your property on sale
Dear Sir,
This is to inform you that we are very fortunate that you gave our company the
opportunity to serve you by arranging a sale for your 4 bedroom house located at 4
Murphy Street, Balwyn. Vic, 3103. Please note it will take 90 to arrange a sale of
the property with 30 days continuing authority to sell the same. Please note, that
the expected selling price will run between $50000 to $55000. However, we will
definitely try to meet your expectations by cracking a deal of $60000 for the same.
Further note, the commission for the sale as agreed by you will be 2.2% of the
gross selling price including GST. An additional $1500 and $500 will be required
for the advertisement and repairing costs for the same property.
I would like you to acknowledge this email which will be treated as confirmation
from your side. Awaiting for your response.
Regards,
(Name of the student)

2
REAL ESTATE
Q34:
AUTHORITY TO SALE FORM
CONTRACT OF SALE OF REAL ESTATE — PARTICULARS OF SALE
Part 1 of the standard form of contract prescribed by the
Estate Agents (Contracts) Regulations 2008
Property Address: 4 Murphy Street, Balwyn. Vic, 3103
Brian Brown and Jessica Brown (the vendors) agree to sell and John Robertson and
his selected nominee (the purchaser) residing at 56 Eucalypt Street, Croydon, 3123,
agrees to buy the property, which is a 4 room bedroom house. The purchaser agrees
to pay to the vendors $68000 for the house and the sale is going to take place
according to the terms of the contract decided between the parties. The terms of this
contract are contained in the—
 Particulars of sale: The property description is Lot 24 on plan of subdivison
65977, Volume 99876 Folio 671. The sale is going to commence from 24th
of February, 2020 and the purchaser will pay 10% of the total amount,
which is $6800, on the date of commencement of the sale to the vendor.
 Special conditions: The purchase is getting the possession of the bookshelf
and water purifier placed in the kitchen of the house along with the entire
property. The vendor will remove the above-ground swimming pool before
settlement
 General conditions: The settlement regarding the sale will take place within
90 days after making this contract. The purchaser will make payment within
an interval of 14 days after the sanction of a loan amount of $50000 from
the National Bank.
 Vendor's Statement: ABC Conveyancing 28 High St, Box Hill, Vic, 3128,
Ph:98785544
and in that order of priority.
The Vendor's Statement required by section 32(1) of the Sale of Land Act
1962 is attached to and forms part of the terms of this contract.
IMPORTANT NOTICE TO PURCHASERS
Cooling-off period: 2days starts from the day
buyer receives the contract Section 31

3
REAL ESTATE
Sale of Land Act 1962
You may end this contract within 2 clear business days of the day that you sign the
contract if none of the exceptions listed below applies to you.
You must either give the Brian Brown and Jessica Brown (vendors) or the (name of
the student) (vendor's agent) written notice that you are ending the contract or
leave the notice at the address of the vendor or the vendor's agent to end this
contract within 2 days this time in accordance with this cooling-off provision.
You are entitled to a refund of all the money you paid EXCEPT for $100 or 02%
of the purchase price (whichever is more) if you end the contract in this way.
EXCEPTIONS
The 2-day cooling-off period does not apply if—
 you bought the property at or within 3 clear business days before or after a
publicly advertised auction; or
 the property is used primarily for industrial or commercial purposes; or
 the property is more than 20 hectares in size and is used primarily for farming;
or
 you and the vendor have previously signed a contract for the sale of the same
land in substantially the same terms; or
 you are an estate agent or a corporate body.

4
REAL ESTATE
AUTHORITY TO AUCTION FORM
CONTRACT OF SALE OF REAL ESTATE — PARTICULARS OF SALE
Part 1 of the standard form of contract prescribed by the
Estate Agents (Contracts) Regulations 2008
Property Address: 416 Ford Crescent, Doncaster,Vic, 3113
Thomas White (the vendor) agrees to sell and Mary Stevens and John Stevens (the
purchasers) residing at 69 Wood End Rise, Warrandyte, Vic, 3113, his house
located at 416 Ford Crescent, Doncaster,Vic, 3113. The purchaser agrees to pay to
the vendors $525000 for the house and the sale is going to take place according to
the terms of the contract decided between the parties. The terms of this contract are
contained in the—
Particulars of sale: The property description is Lot 17 on Plan of Subdivison
667754, Volume 77990 Folio 3221. The sale is going to commence from 24th
of February, 2020 and the purchaser is paying $300 on the date of
commencement of the sale to the vendor and 3% of the remaining amount will
be paid within 7 days after execution of this contract.
 Special conditions: The purchase is getting the possession of all floor coverings,
curtains, blinds, drapes and light fittings along with the entire property. The
vendor will remove the above-ground swimming pool before settlement.
 General conditions: The settlement regarding the sale will take place within 40
days after making this contract. The purchaser will make payment within an
interval of 14 days after the sanction of a loan amount of $450000 from the
National Bank.
 Vendor's Statement: ABC Conveyancing 28 High St, Box Hill, Vic, 3128,
Ph:98785544
and in that order of priority.
The Vendor's Statement required by section 32(1) of the Sale of Land Act 1962 is
attached to and forms part of the terms of this contract.
IMPORTANT NOTICE TO PURCHASERS
Cooling-off period: 3 days starts from the day
buyer receives the contract Section 31
Sale of Land Act 1962
You may end this contract within 3 clear business days of the day that you sign the
contract if none of the exceptions listed below applies to you.

5
REAL ESTATE
You must either give the Thomas White (vendor) or the (name of the student)
(vendor's agent) written notice that you are ending the contract or leave the notice
at the address of the vendor or the vendor's agent to end this contract within 3 days
this time in accordance with this cooling-off provision.
You are entitled to a refund of all the money you paid EXCEPT for $100 or 02%
of the purchase price (whichever is more) if you end the contract in this way.
EXCEPTIONS
The 2-day cooling-off period does not apply if—
 you bought the property at or within 3 clear business days before or after a
publicly advertised auction; or
 the property is used primarily for industrial or commercial purposes; or
 the property is more than 20 hectares in size and is used primarily for farming;
or
 you and the vendor have previously signed a contract for the sale of the same
land in substantially the same terms; or
 you are an estate agent or a corporate body.

6
REAL ESTATE
14(a):
AUTHORITY TO SALE FORM
Particulars of Appointment.
Agent: (name of the student) ABN: 1677548741
Address: 646 Whitehorse Road, Box Hill, Vic, 3128
Attention: 888 Hill Real Estate Pty Ltd
Phone: Mobile: [phone] Fax/Email:
Vendor: Brian Brown and Jessica Brown ABN:
Address: 56 Eucalypt Street, Croydon, 3123
Phone: [phone] Mobile: Fax/Email: [e-mail]
Property: Residential House
with goods being: _______________
Exclusive authority period: 90days Continuing authority period: 30 days
Property sold: ()with vacant possession OR () subject to a tenancy on payment (o) of full
purchase price
OR upon terms on payment of () full deposit and (0) the sum of $
Vendor’s price $ 600000 payable in 60 days
Agent’s estimate of selling price (Section 47A of the Estate Agents Act 1980). Note: If a
price range is specified, the difference between the upper and lower amounts cannot be more
than 10% of the lower amount.
Single amount $ 500000 or between $ 550000 and $
Commission
A fixed Commission (including GST) of $
OR
A commission (including GST) being the following % of the sale price:
2.2% of gross selling price
Dollar amount of estimated commission:
$ which includes GST of $
if sold at a *GST inclusive/*GST exclusive sale price of $13200
Marketing Expenses (including GST).
Advertising $1500 Other Expenses $ 500 TOTAL $2000
The Marketing Expenses are payable on
* the signing of this Authority / * written request DATE: 24/02 /2020
AGENT VENDOR (S)
(Name of the student) (Brian Brown and Jessica Brown)

7
REAL ESTATE
14(b):
AUTHORITY TO AUCTION FORM
Particulars of Appointment.
Agent: (name of the student) ABN:1677548741
Address: 646 Whitehorse Road, Box Hill, Vic, 3128
Attention: 888 Hill Real Estate Pty Ltd
Phone: (fill by student) Mobile: [phone] Fax/Email: (fill by student)
Vendor: Thomas White ABN:
Address: 416 Ford Crescent, Doncaster,Vic, 3113
Phone: Mobile: [phone] Fax/Email: [e-mail]
Property: Residential House
with chattels being:
Exclusive authority period until: 30 days after the auction date
Continuing authority period: 30 days from the end of exclusive authority period.
Auction date: 16 /07 /2020 Time of auction: 1:00 am/pm
Property sold: ()with vacant possession OR () subject to a tenancy and upon payment (o) of
full purchase price
OR upon terms on payment of () full deposit and () the sum of $
Vendor’s reserve price $70000 payable in 60 days
Agent’s estimate of selling price (Section 47A of the Estate Agents Act 1980). Note: If a
price range is specified, the difference between the upper and lower amounts cannot be more
than 10% of the lower amount.
Single amount $ 620000 or between $ 680000 and $
A fixed Commission (including GST) of $
OR
A commission (including GST) being the following % of the sale price: 2% of the selling
price
Dollar amount of estimated commission:
$ which includes GST of $
if sold at a *GST inclusive/*GST exclusive sale price of $14000
Marketing Expenses (including GST).
Advertising $ 1800 Other Expenses $ TOTAL $1800
The Marketing Expenses are payable on
* the signing of this Authority / * written request DATE: 24/02 /2020
AGENT VENDOR (S)
(Name of the student) (Thomas White)