PSRA/S43 Form A1-2016
Auction of Property other than Land
Property Services Agreement
For
The Auction of Property other than Land
1. Parties to the Agreement
This Agreement is between:
Client Name(s): _________________________________________________________
Address:
_________________________________________________________
_________________________________________________________
_________________________________________________________
_________________________________________________________
AND
Agent's Name:
___________________________________________________
Business Name:
___________________________________________________
Business Address:
___________________________________________________
___________________________________________________
___________________________________________________
PSRA Registration No: __________
Telephone No: ___________
2.
Property Service to be Provided
The Agent is contracted to sell by auction, on behalf of the Client, the property
described in Schedule I attached.
3.
Duration of Agreement
This Agreement shall commence on <START DATE> and have effect until <END
DATE>.
4.
Termination of the Agreement
<TO BE AGREED BETWEEN THE PARTIES (INCLUDING NOTICE
REQUIRED)>
5.
Effect of Termination of Agreement
<TO BE AGREED BETWEEN THE PARTIES>
6.
Agent's fee
6.1. <THE AGENT’S FEE/FEE STRUCTURE>.
6.2
The fee shall become payable on <SPECIFY CONDITION(S)>.
6.3
The fee shall be subject to VAT at prevailing rate at the time of sale (currently <VAT
RATE>%).
6.4
The Agent may also charge a fee to the purchaser “the buyer’s premium”. The buyer’s
premium is a commission paid by the buyer to the Agent in addition to the sale price. It
is separate from the fee outlined above. The buyer’s premium shall be <STRUCTURE
OF BUYER’S PREMIUM>. Vat is payable on the buyer’s premium at prevailing rate
at the time of sale (currently <VAT RATE>%).
PSRA/S43 Form A1-2016
Auction of Property other than Land
7.
Outlays
<DETAILS OF OUTLAYS AND WHEN THEY MAY BECOME PAYABLE BY
CLIENT>.
8.
Deposit
Any moneys paid by a purchaser, to the Agent, will be held in the Agent's "client
account". When <SPECIFY CONDITION(S)>, <STATE HOW MONEY GOES
FROM CLIENT ACCOUNT (INCLUDING ANY INTEREST)>.
9.
Bank Account
The Agent's "client account" in respect of this Agreement is <NAME ON
ACCOUNT> and is held at:
Name of bank: _________________________________________________________
Address:
_________________________________________________________
_________________________________________________________
_________________________________________________________
10.
Professional Indemnity Insurance
The insurance company which insures the Agent with professional indemnity insurance cover is:
Name of Insurer:
Address:
___________________________________________________
___________________________________________________
___________________________________________________
___________________________________________________
Policy number: ______________________
11.
Records
The Agent will keep a record of <DETAILS OF RECORDS KEPT>
12.
Complaints
<DETAILS OF AGENT’S COMPLAINTS AND REDRESS PROCEDURES>
13.
Conflict of Interest
<AFFIRMATION THAT NO CONFLICT OF INTEREST EXISTS WHICH
WOULD PREVENT THE AGENT PROVIDING THE PROPERTY SERVICE>
14.
Anti -Money Laundering
<STATEMENT OF THE AGENT’S OBLIGATIONS (IF ANY) TO REPORT
SUSPICIOUS TRANSACTIONS TO THE GARDA SÍOCHANA AND
REVENUE COMMISSIONERS UNDER THE CRIMINAL JUSTICE (MONEY
LAUNDERING AND TERRORIST FINANCING) ACT 2010)>
Signed:________________________
By/ On behalf of the Agent
Signed: ________________________
By/ On behalf of the Client
Date: ________________________
Date:
________________________
======================================
PSRA/S43 Form A1-2016
Auction of Property other than Land
Property Services Agreement for the Auction of property other than Land
Schedule I
Particulars of Property for Sale
======================================
Notes on the form
1. Blank copies of this Agreement may be obtained from the Property Services Regulatory
Authority (PSRA) website (www.psr.ie). The format of the Agreement may be
reproduced on the licensee’s headed notepaper.
2. Items in UPPERCASE within < > should be replaced with the appropriate text e.g. “…on
<START DATE> and…” could be changed to “…on 10 August 2016 and…”.
3. PSRA/S43 Form A1-2016, which was published on 17 May 2016, has replaced and
shortened PSRA/S43 Form A1-2014.