Default time limit on sole agency agreements
54 Default time limit on sole agency agreements
S. 54 amended by Nos 9925 s. 5(a), 10028 s. 31(1), 53/1988 s. 45(Sch. 3 items 14–16) (as amended by No. 47/1989 s. 23(2)), substituted by No. 86/1994 s. 28.
If an agreement stating that an estate agent is to act as the sole agent for the sale of any real estate or business does not state when the sole agency is to end, the sole agency ends—
in the case of a sale by auction, 30 days after the date of the auction;
in any other case, 60 days after the date the agreement is signed by, or on behalf of, the seller of the real estate or business.
A sole agency provision in an agreement is void unless the agreement contains a copy of subsection (1).
This Act’s bill:Second reading speech
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