What are the main methods used to sell property in WA?

 Hay guys just some research that may come in hady when you come to sell your Property.

Exclusive agency agreement;

Sole or Exclusive Agency agreement, the seller would limit himself or herself to one agent selling their property to potential buyers.

The Sole or Exclusive Agency method is recommended over the Open Listing method because the sale of the property is in the hands of one party only, saving the seller the confusion of having to liaise with more than one agent. Furthermore, this will save the seller the money and time involved in advertising and marketing costs when a number of agents are trying to sell the property.

Auction;

‘auction’ is conducted out in the public domain by a show of hands from registered buyers deciding the result or otherwise.

Selling by auction is also an Exclusive Agency agreement and is therefore also subject to the 60-calendar day agreement period. The auction process requires the seller to pay the agent to arrange effective marketing and advertising plans to maximise exposure of the property and the auction date to potential buyers.

Under the auction system, the seller agrees to pay commission to the listing agent if the property sells before the date of the auction, at the auction or in an agreed period after the auction.

Conjunctional;

The listing agents has complete freedom to negotiate the sharing of the fee with other agents participating in the sale or lease.