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Old 18th August 2014, 11:23   #1 (permalink)
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Emlak Contracts

We have been trying to sell our house for about 5 years now privately. In January this year we were approached by Reality/TR who gave us the sales pitch, we are the best, we advertise globally and we promise we will sell your house with in a year.They were advertising in Dubai, Russia, Germany and UK and were organising inspection flights for prospective buyers. We decided to give them a try as nothing to loose we thought and they asked us to sign a contact stating we could not let anyone else sell it, including privately or we would be liable for their agents fees. Stupidly we did sign. Now its 7 months later and nothing not a word from them, we have had people coming to the house wanting to view and have given them Realitys contact details. I have tried to contact them but nothing!. What would happen if we got a private buyer without them knowing and sold the house and moved on (we have a maybe buyer in mind) would they actually find us and demand their 3%?

Title should be Emlak Contracts

Last edited by janA; 18th August 2014 at 11:27..
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Old 18th August 2014, 11:47   #2 (permalink)
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re: Emlak contracts

Does it really matter?? I would sell and sort it out with them if they showed up. We have signed sole agents with an emlak but if I sell privately I'll deal with them as and when!
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Old 18th August 2014, 12:20   #3 (permalink)
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Re: Emlak contracts

Is there a point where the emlak is in breech of contract ? Did they guarantee a number of viewings etc. worst case scenario is you sell it yourself and pay the costs if they find out.

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Old 18th August 2014, 12:28   #4 (permalink)
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Re: Emlak contracts

Is that 3% of the Tapu value or 3% of the actual value?
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Old 18th August 2014, 13:05   #5 (permalink)
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Re: Emlak contracts

Quote:
Originally Posted by tjd View Post
Is that 3% of the Tapu value or 3% of the actual value?
Actual value tjd
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Old 18th August 2014, 13:11   #6 (permalink)
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Re: Emlak contracts

Its a con & money for old rope. It was tried on me a couple of times. You could sign up for a dozen agents like that & end up paying each one. They sit back & let someone sell it then put the cosh on you............if you get the chance just sell it. How long was the contract for?
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Old 18th August 2014, 13:23   #7 (permalink)
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Re: Emlak contracts

Quote:
Originally Posted by janA View Post
we have had people coming to the house wanting to view and have given them Realitys contact details.
So, did those people subsequently contact Reality/TR to arrange a viewing, then they in return, contact you to ask when you were available as they had a potential customer?
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Old 18th August 2014, 13:34   #8 (permalink)
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Re: Emlak contracts

Quote:
Originally Posted by Spurs View Post
Its a con & money for old rope. It was tried on me a couple of times. You could sign up for a dozen agents like that & end up paying each one. They sit back & let someone sell it then put the cosh on you............if you get the chance just sell it. How long was the contract for?
One year contract
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Old 18th August 2014, 13:36   #9 (permalink)
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Re: Emlak contracts

Quote:
Originally Posted by bickern View Post
So, did those people subsequently contact Reality/TR to arrange a viewing, then they in return, contact you to ask when you were available as they had a potential customer?
No they never retuned, i think the commission would have put them off
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Old 18th August 2014, 15:01   #10 (permalink)
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Re: Emlak contracts

I would contact them as a potential customer and see what, if anything happens. If they ignore you make sure it is documented and then inform them they are in breach of contact.
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