APPOINTMENT TYPES

You can enter into different types of appointment which will affect:

• who can try to sell your property for you
• who is entitled to commission when the property sells.

Your agent must discuss the different types of appointment with you before you sign the appointment form.

Open listing

You only pay the agent their commission if they sell the property. You can open list your property with several different agents at the same time.

If you appoint a sole or exclusive agent, they may continue as an open listing:

• after the sole or exclusive agency agreement has ended
• if you agree on the appointment form.

Cancelling the agreement

You or your agent can cancel an open listing at any time. Whoever is cancelling must notify the other in writing.

Exclusive agency

You have to pay the agent their commission when your home is sold, regardless of who actually sells the property. If another agent sells the property, you could potentially pay two commissions.

Cancelling the agreement

The maximum term of appointment is 90 days. If you agree on a term of more than 60 days:

• either party may end the appointment
• you (or your agent) must give a minimum of 30 days’ written notice
• the appointment must remain in effect for at least 60 days.

Otherwise, it ends at the end of the agreed contract term (which may be up to 90 days).

Sole Agency

You pay the agent their commission once your home is sold, unless you make the sale yourself.

Cancelling the agreement

The maximum term of appointment is 90 days. If you agree on a term of more than 60 days:

• either party may end the appointment
• you (or your agent) must give a minimum of 30 days’ written notice
• the appointment must remain in effect for at least 60 days.
Otherwise, it ends at the end of the agreed contract term (which may be up to 90 days).

This information was extracted from https://www.qld.gov.au/law/housing-and-neighbours/buying-and-selling-a-property/selling-a-home/before-you-put-your-home-on-the-market/appointing-a-real-estate-agent/