Terms of Business- Sales
These terms of business apply to properties listed for sale with Murcia Golf Properties Ltd.
1. The agency commission will be calculated according to the eventual selling price agreed. Clients selling can either agree to list with MGP and all our partner agents or agree to an exclusive listing on lower commissions only with MGP.
MGP exclusive listings - charges are as follows:
Properties up to €99,999 - commission €6,995 euros plus iva (if applicable)
Properties €100,000-€159,999 - commission €7995 euros plus iva (if applicable)
Properties €160,000-€199,999 - commission €8995 euros plus iva (if applicable)
Properties over €200,000 - 4.5% commission plus iva (if applicable)
If clients elect to list with all our partner agents commission will be charged as follows:
5% plus iva subject to a minimum fee of €10,000 plus iva. Commission to be shared between any agents involved.
2. Murcia Golf Properties Ltd will be selling agents for the initial period of 16 weeks from the date of this agreement. The agreement will continue after this period unless terminated by either party giving four weeks written notice. The vendor agrees not to instruct any other agent to sell the property during the agreed period without prior agreement with MGP and agrees not to put up any additional for sale boards - private or otherwise. MGP will not block sellers listing with other agents if we cannot agree a sale in a reasonable period of time.
3. You will be liable to make payment to us, in addition to any costs or charges agreed, if at any time the sale of the property takes place with a purchaser introduced by us during the period of our agency, or with whom we had negotiations about the property during that period, or with a purchaser introduced privately, or by another agent during our sole agency period. The commission will be due on signing of a private purchase agreement by both parties, however MGP Ltd are normally happy to wait until completion of the transaction provided that you instruct your solicitor to pay our fees out of the proceeds of sale and that completion take place within a reasonable amount of time from signing the purchase agreement. Our commission charge is inclusive of all fees and expenses except where you specifically authorise us to carry out expenditure in respect of, for example, national advertising. If this payment is not received within seven working days from legal completion, we reserve the right to charge interest at 3% above the prevailing HSBC Bank base rate due from completion. In addition should our fee require collection proceedings, legal costs may be added.
4. We will erect a ‘Se Vende' board at the property (where possible). The seller agrees that no other For sale / Se Vende or similar boards can be displayed whilst Murcia golf Properties remain agents.
5. We intend to offer prospective purchasers mortgage and financial advice. In some cases a commission may be earned from these services.
6. Murcia Golf Properties Ltd cannot accept responsibility for the maintenance or repairs of unoccupied properties for sale unless also appointed to manage the property.
7. The property will be marketed at the agreed price plus taxes. The agreed price does not represent a valuation. We will endeavour to ensure that the vendor receives the best price possible. Details of the property contents included in the sale will be included in the property particulars.
8. If there is any breach of these terms of business by the vendor the property will be withdrawn from sale and the vendor may be charged for administration expenses.
9. When a sale is agreed on the property a non re-fundable deposit of €5,000 will be taken by us from the proposed purchaser. Should the purchasers withdraw from the sale the seller will receive €3,000 and the selling agent will retain €2,000 for expenses incurred.
IF A VENDOR LISTS A PROPERTY AND TICKS TO AGREE THE TERMS ALL CLAUSES ABOVE WILL APPLY UNLESS AGREED SEPARATELY IN WRITING
