Under most Australian state legislation, what is the minimum requirement for a valid agency agreement for the sale of residential property?
Correct Answer
D) A written agreement signed by the vendor and the agent
Australian property legislation typically requires agency agreements for residential property sales to be in writing and signed by all parties. This ensures clarity of terms and provides legal protection for both the agent and the vendor.
Why This Is the Correct Answer
State agent legislation requires a residential sale agency agreement to be in writing and signed by the client and the agent, with prescribed content. Without it, the agent generally cannot enforce a claim to commission.
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- → An assistant agent completes 5 units of CPP41419 in one CPD year, 2 more than required. What happens to the extra 2 units?
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- → Since the June 2026 changes to the Property and Stock Agents Act 2002, who can approve standard forms of agency agreement for use in NSW?
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