Wednesday 7 September 2011

Using a broker to sell your rent roll

What is the first thing a prospective seller should do?
The principal should conduct an audit of all the management authorities. It is is important that the authorities are up to to date, particularly with the correct entity name and ACN noted as the agent. Ensure that the authorities do have a clause to assign the managing agency rights to another licensed agent as this will decrease the need to obtain a new authority from the client once you have sold the rent roll.

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