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Department of Finance, Services and Innovation / Real Estate Sales Agent Prequalification Scheme - SCM4271

Scheme ID SCM4271
Starts 16-Aug-2017
Ends 15-Aug-2019
RFT Publish Date 16-Aug-2017
RFT Close Date & Time
15-Aug-2019 12:00pm
ABN Required Yes
 
RFT Type Scheme Invitation
Agency Property and Advisory Group
Category Property Management / Maintenance

Contact Person
Commercial Transactions
Phone: 02 9273 3831
salesagent.prequal@property.nsw.gov.au

Scheme Details

Property NSW’s Real Estate Sales Agent Prequalification Scheme offers a platform for real property professionals to tender for provision of real estate services to government agencies.

The pool of prequalified real estate sales agents will provide real estate expertise and services to assist with the delivery of property disposals for a range of residential, commercial, and other assets of varied complexities across New South Wales.

To achieve prequalification, Applicants are required to provide evidence of successful property sales (transacted within the past 12 months for the small and medium sale categories or 24 months for the large, major, and complexity sale categories) within the category/ies nominated, and 2 referee reports confirming organisational capability in that type of work.

Note: We are seeking local agents. Each office of a franchised agency that wishes to participate in the Scheme is required to complete an Application for the Region in which they are based. Applicant must provide their unique ABN, and not that of their head office. The requirement also applies to offices that operate under one corporate licence. Head offices can submit a corporate application, provided it is in addition to the local office submissions.

Scheme Conditions, Agency Agreements and Special Conditions (Annexure to Agency Agreements) shall be agreed in principle upon submission of your Scheme Application.

Project specific terms such as scope, timeline and fees shall be agreed during subsequent tender processes.

Start application

The information displayed below is a read-only version of the application process. Please review and, when ready to apply for the scheme, click the Start application button above.

Vendor Instruction

Applicants must answer all questions in this online application and provide the information requested.

Incomplete applications or applications deemed unsatisfactory may be rejected by the Scheme Administrator.

It is recommended that applications are submitted from a generic/proxy email address (such as tenders@###.com) to ensure that no applications are lost because of staff absences. Correspondence about the application for prequalification will be sent to the email address that submitted the application.

Please note that franchise agencies and offices that operate under one corporate licence are required to complete a separate application for each office that wishes to participate in the scheme. The Head Office may also choose to submit a separate corporate application in addition to the local submissions; as they may be approached for larger scale procurements.

Applicants must identify their area of expertise by nominating their preferred Region/s and Value categories for one or both Property Types.

It is recommended that the applicant download and review the scheme documents prior to completing the application. Refer in particular to the “Template 2 – Experience and Capabilities” document which will provide guidance for capability selection.


Prequalification Types

Real Estate Sales Agent

You will be asked to select region/s and value category/ies within one or both property types (Residential / Other: Commercial/Retail/Industrial/Vacant Land) for which you can provide sufficient evidence of your experience. You will also have the opportunity to select one or more specialised areas of expertise (Complexities), should that apply to your business. (Refer to the "Guidelines for Applicants" document for a definition of the property types.)


Documents

Terms and Conditions

Capabilities

The Applicant must identify its areas of substantial expertise by nominating the categories in which it is seeking prequalification.

A01 - Residential - Cumberland/Prospect
  • A01-V01. Small sales (under $600K)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A01-V02. Medium sales ($600K - $5M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A01-V03. Large sales ($5 - $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A01-V04. Major Sales (over $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
A02 - Residential - Nepean
  • A02-V01. Small sales (under $600K)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A02-V02. Medium sales ($600K - $5M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A02-V03. Large sales ($5 - $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A02-V04. Major Sales (over $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
A03 - Residential - Northern Sydney
  • A03-V01. Small sales (under $600K)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A03-V02. Medium sales ($600K - $5M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A03-V03. Large sales ($5 - $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A03-V04. Major Sales (over $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
A04 - Residential - Inner West
  • A04-V01. Small sales (under $600K)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A04-V02. Medium sales ($600K - $5M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A04-V03. Large sales ($5 - $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A04-V04. Major Sales (over $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
A05 - Residential - South East Sydney
  • A05-V01. Small sales (under $600K)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A05-V02. Medium sales ($600K - $5M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A05-V03. Large sales ($5 - $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A05-V04. Major Sales (over $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
A06 - Residential - South West Sydney
  • A06-V01. Small sales (under $600K)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A06-V02. Medium sales ($600K - $5M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A06-V03. Large sales ($5 - $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A06-V04. Major Sales (over $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
A07 - Residential - Central Coast
  • A07-V01. Small sales (under $600K)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A07-V02. Medium sales ($600K - $5M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A07-V03. Large sales ($5 - $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A07-V04. Major Sales (over $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
A08 - Residential - Hunter
  • A08-V01. Small sales (under $600K)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A08-V02. Medium sales ($600K - $5M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A08-V03. Large sales ($5 - $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A08-V04. Major Sales (over $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
A09 - Residential - Central West
  • A09-V01. Small sales (under $600K)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A09-V02. Medium sales ($600K - $5M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A09-V03. Large sales ($5 - $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A09-V04. Major Sales (over $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
A10 - Residential - Orana/Fair West
  • A10-V01. Small sales (under $600K)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A10-V02. Medium sales ($600K - $5M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A10-V03. Large sales ($5 - $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A10-V04. Major Sales (over $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
A11 - Residential - Riverina/Murray
  • A11-V01. Small sales (under $600K)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A11-V02. Medium sales ($600K - $5M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A11-V03. Large sales ($5 - $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A11-V04. Major Sales (over $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
A12 - Residential - Far North Coast
  • A12-V01. Small sales (under $600K)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A12-V02. Medium sales ($600K - $5M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A12-V03. Large sales ($5 - $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A12-V04. Major Sales (over $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
A13 - Residential - Mid North Coast
  • A13-V01. Small sales (under $600K)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A13-V02. Medium sales ($600K - $5M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A13-V03. Large sales ($5 - $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A13-V04. Major Sales (over $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
A14 - Residential - New England
  • A14-V01. Small sales (under $600K)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A14-V02. Medium sales ($600K - $5M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A14-V03. Large sales ($5 - $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A14-V04. Major Sales (over $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
A15 - Residential - Illawarra
  • A15-V01. Small sales (under $600K)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A15-V02. Medium sales ($600K - $5M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A15-V03. Large sales ($5 - $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A15-V04. Major Sales (over $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
A16 - Residential - Southern Highlands
  • A16-V01. Small sales (under $600K)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A16-V02. Medium sales ($600K - $5M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A16-V03. Large sales ($5 - $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
  • A16-V04. Major Sales (over $15M)
    Residential sales within selected region and value category - Three (3) recent examples required.
B01 - Other - Cumberland/Prospect
  • B01-V01. Small sales (under $600K)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B01-V02. Medium sales ($600K - $5M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B01-V03. Large sales ($5 - $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B01-V04. Major Sales (over $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
B02 - Other - Nepean
  • B02-V01. Small sales (under $600K)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B02-V02. Medium sales ($600K - $5M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B02-V03. Large sales ($5 - $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B02-V04. Major Sales (over $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
B03 - Other - Northern Sydney
  • B03-V01. Small sales (under $600K)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B03-V02. Medium sales ($600K - $5M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B03-V03. Large sales ($5 - $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B03-V04. Major Sales (over $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
B04 - Other - Inner West
  • B04-V01. Small sales (under $600K)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B04-V02. Medium sales ($600K - $5M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B04-V03. Large sales ($5 - $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B04-V04. Major Sales (over $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
B05 - Other - South East Sydney
  • B05-V01. Small sales (under $600K)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B05-V02. Medium sales ($600K - $5M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B05-V03. Large sales ($5 - $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B05-V04. Major Sales (over $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
B06 - Other - South West Sydney
  • B06-V01. Small sales (under $600K)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B06-V02. Medium sales ($600K - $5M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B06-V03. Large sales ($5 - $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B06-V04. Major Sales (over $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
B07 - Other - Central Coast
  • B07-V01. Small sales (under $600K)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B07-V02. Medium sales ($600K - $5M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B07-V03. Large sales ($5 - $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B07-V04. Major Sales (over $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
B08 - Other - Hunter
  • B08-V01. Small sales (under $600K)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B08-V02. Medium sales ($600K - $5M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B08-V03. Large sales ($5 - $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B08-V04. Major Sales (over $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
B09 - Other - Central West
  • B09-V01. Small sales (under $600K)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B09-V02. Medium sales ($600K - $5M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B09-V03. Large sales ($5 - $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B09-V04. Major Sales (over $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
B10 - Other - Orana/Fair West
  • B10-V01. Small sales (under $600K)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B10-V02. Medium sales ($600K - $5M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B10-V03. Large sales ($5 - $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B10-V04. Major Sales (over $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
B11 - Other - Riverina/Murray
  • B11-V01. Small sales (under $600K)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B11-V02. Medium sales ($600K - $5M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B11-V03. Large sales ($5 - $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B11-V04. Major Sales (over $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
B12 - Other - Far North Coast
  • B12-V01. Small sales (under $600K)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B12-V02. Medium sales ($600K - $5M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B12-V03. Large sales ($5 - $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B12-V04. Major Sales (over $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
B13 - Other - Mid North Coast
  • B13-V01. Small sales (under $600K)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B13-V02. Medium sales ($600K - $5M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B13-V03. Large sales ($5 - $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B13-V04. Major Sales (over $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
B14 - Other - New England
  • B14-V01. Small sales (under $600K)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B14-V02. Medium sales ($600K - $5M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B14-V03. Large sales ($5 - $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B14-V04. Major Sales (over $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
B15 - Other - Illawarra
  • B15-V01. Small sales (under $600K)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B15-V02. Medium sales ($600K - $5M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B15-V03. Large sales ($5 - $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B15-V04. Major Sales (over $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
B16 - Other - Southern Highlands
  • B16-V01. Small sales (under $600K)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B16-V02. Medium sales ($600K - $5M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B16-V03. Large sales ($5 - $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
  • B16-V04. Major Sales (over $15M)
    Commercial, retail, industrial or vacant land sales within selected region and value category - Three (3) recent examples required.
B17 - Other - Whole of State
  • B17. Over $10M
    Select this capability if you have capacity to service ACROSS THE STATE of NSW for Commercial, retail, industrial or vacant land sales. DO NOT select anything from B01 - B16 if you select this capability. Four (4) recent examples of over $10M required - one in each of the subcategories (Commercial, retail, industrial, vacant land.)
Complexity
  • C01. Sale with leaseback
    Sales involving the described complexity. One (1) recent example required which can relate to either property type for any value category. An example provided for another capability can be referenced here.
  • C02. Sale of leasehold
    Sales involving the described complexity. One (1) recent example required which can relate to either property type for any value category. An example provided for another capability can be referenced here.
  • C03. Sale with unresolved planning issues
    Sales involving the described complexity. One (1) recent example required which can relate to either property type for any value category. An example provided for another capability can be referenced here.
  • C04. Sale subject to conditions
    Sales involving the described complexity. One (1) recent example required which can relate to either property type for any value category. An example provided for another capability can be referenced here.
  • C05. Involves heritage assets
    Sales involving the described complexity. One (1) recent example required which can relate to either property type for any value category. An example provided for another capability can be referenced here.
  • C06. Involves considerable public or media comment
    Sales involving the described complexity. One (1) recent example required which can relate to either property type for any value category. An example provided for another capability can be referenced here.
  • C07. Demonstrated access to local and broader market purchasers (domestic/offshore)
    Sales involving the described complexity. One (1) recent example required which can relate to either property type for any value category. An example provided for another capability can be referenced here.
  • C08. Demonstrated any niche market sales (e.g airspace, land/licence sale packages, heritage floor space sales)
    Sales involving the described complexity. One (1) recent example required which can relate to either property type for any value category. An example provided for another capability can be referenced here.

Real Estate Sales Agent Questionnaire

The Applicant must answer the following questions based on the prequalification type they are applying for

Contact and Key Personnel

Contact and Key Personnel *

Complete and upload the attached template in 'Word' or 'PDF' format.

Template 1 - Contact and Key Personnel_v1.2.docx

Response Type: Upload

Experience

Experience *

Complete and upload the attached template in 'Word' or 'PDF' format. Refer to document for further instructions.

Template 2 - Experience and Capabilities_v1.4.docx

Response Type: Upload

Referee Reports

Referee Reports *

Complete and upload the attached template in ‘Word’ or ‘PDF’ format. Include at least two relevant, signed client referee reports that demonstrate organisational experience in the work category/ies you are applying for (if multiple capabilities are selected, the two reports should relate to different capabilities). The two reports should relate to different sales examples, which have occured within 24 months of submission date.

Template 3 - Client Referee Report_v1.2.docx

Response Type: Upload

Company Profile

Company Profile *

Complete and upload the attached template in ‘Word’ or ‘PDF’ format. Include a company organisational chart.

Template 4 - Company Profile_v1.docx

Response Type: Upload

Insurance

Insurance *

I confirm that I will maintain for the duration of the scheme Workers Compensation, Public Liability and Professional Indemnity insurance as required by law in the State of New South Wales, in particular with regard to Professional Indemnity insurance in accordance with the conditions of Property, Stock and Business Agents Regulation 2014-563 Part 2 Section 10.

Financial & Legal

Financial & Legal *

Complete and upload the attached template in 'Word' or ‘PDF’ format.

Template 5 - Financial and Legal_v1.4.docx

Response Type: Upload
Business Entity Information *

Complete and upload the attached template and upload in 'Excel' or 'PDF' format. The first column is a drop down menu for which you can select 'Yes' or 'No.'

Template 5a - Business Entity Information_v1.xlsx

Response Type: Upload
REINSW Agency Agreement *

If engaged, I accept the Terms and Conditions of the REINSW Agency Agreement including Special Conditions on behalf of the applicant.

Fair Trading Complaints Register

Fair Trading Complaints Register *

Buyers may take into consideration infomation available on the Fair Trading website at RFQ stage. Has your company appeared on the Complaints Register within the last 12 months for a property sale complaint?

Current Registered Suppliers

Approved Vendors

Amendment History

  1. 23-Aug-2017 8:09am

    Addition of special conditions in relation to REINSW Agency Agreements.

  2. 24-Aug-2017 1:51pm

    Amendments made to Guidelines for Applicant document.

  3. 28-Sep-2017 3:25pm

    Applicant FAQs addressed and added to "Guidelines for Applicants". Other documentation clarified, where relevant.

  4. 27-Oct-2017 4:06pm

    Amendments made to Guidelines for Applicants, Template 2 - experience and capabilities and Template 5 - Financial & Legal document.

     

  5. 27-Feb-2018 9:25am

    Amendment was to upload current versions of documents, add business entity template and include buyer instruction.

  6. 27-Feb-2018 9:47am

    Updated Annexure A Special Conditions Resi.

  7. 14-Sep-2018 4:32pm
    Property NSW, the manager of the Real Estate Sales Agent Scheme (Scheme Number SCM4271), undertook a review of the Special Conditions for the REINSW Sales Inspection Report and Exclusive Agency Agreement.

    The new agreement will apply to all suppliers under the Scheme and, as a prequalified supplier under the scheme, PNSW is providing you notice of the new Special Conditions to the ‘Sales Inspection Report and Exclusive Agency Agreement’ (New Terms). It will apply to all engagements under the Scheme. If you do not agree to the New Terms, please advise so that your firm can be removed from the Scheme.

    You should read the New Terms but in brief, the changes are to the following clauses: Indemnity, Material Fact Disclosure, Privacy, Promotional Activities and Insurance. There are also new clauses regarding performance, warranties, compliance with Anti Money Laundering and Counter Terrorism, Financing Act requirements. There is also a change to clause 3 on remuneration: it deletes the Principal’s liability for payment after the exclusive agency period.

    Summary:

    • The Principal can terminate or vary the exclusive agency period with 30 days’ notice
    • Remuneration is not payable for a sale if the contract is entered more than 30 days after expiration of the exclusive agency period
    • Remuneration calculated exclusive of any GST
    • New clause requires all promotional activities be undertaken with the principal’s approval
    • Clarification to confirm that the remuneration is payable at the completion of the sale
    • The indemnity and liability clause is clarified
    • The material fact clause confirms the obligations of the Principal to disclose all material facts in its possession to the Agent
    • The privacy clause sets out the obligations of the Agent in the collection, use and storage of personal information obtained in the course of performing this Agreement to ensure that the Agent acts in line with the statutory obligations
    • A new clause confirms that the Agent is to Perform Services with care and expertise expected, and in accordance with all applicable laws
    • A new clause provides Agent warranties for the provision of services pursuant to this agreement
    • There is a new clause requiring the Agent to act in compliance with Anti-Money Laundering and Counter-Terrorism Financing Act 2006
    • The Insurance requirements for the Agent are specified.

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