Client Care - Level 2 - Potential Auction Sale - Coventry

Question 1

Please explain the advice you provided?

Answer 1

I realise in line with the rules of conduct I had to provide the best quality service.
Their objectives were to achieve certainty of sale and best price and I gaged their expectations on price.

I reviewed vacant possession comparables for secondary offices in the midlands. I discovered that they were low on a rate psf that those properties that had transacted which were let.

I spoke to the client on the phone and I suggested to the client that the property would achieve more if let than at auction.

I then followed up via email.

Question 2

What did you put in your request for offers letter?

Answer 2

Purchaser: ‘Private individual’
Purchase price: £1,200,000
Funding: Cash
Conditions
Surveys
Approvals
Timescales
Deposit
Due diligence
Solicitor details
Any other information

Question 3

What does the Estate Agents Act 1979 relate to?

Answer 3

Related top estate agency and the disposal and acquisition of land.