By Alan Squires, Ken Emms
This obtainable and authoritive textual content has been written for college students venture courses of analysis in inventory and station enterprise perform, and for practicing inventory and station brokers who will locate this a useful reference paintings. Care has been taken toensure that the knowledge contained inside this publication isn't just exact, yet follows the syllabus supplied for within the nationwide center curriculum for rural agent/stock and station agent classes performed during the kingdom, yet with a few emphasis onmatters abnormal to New South Wales.
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Additional info for Stock & Station Agents' Handbook
14. area. If there is any doubt as to the accuracy of the vendor’s figures, the agent should obtain stock numbers for the relevant property from the Rural Lands Protection Board. Any inaccurate statement made by the agent, particularly if the information is advertised, may render that agent liable as it may be interpreted as misrepresentation. In this regard, it is stressed that the prospective purchaser will be seeking reliable information to base an assessment on when examining future returns on funds.
To assist the agent in this task of comparing recent sales, the rates clerk of the appropriate shire or municipal council can provide on request, notices of sales or transfer of land where such request is identified as being for valuation purposes. The Local Government Act provides for councils to be supplied with such notices of sale or transfer. In most country areas, the supply of this information is without charge, however, councils are entitled to levee a service fee. From the data supplied, select those properties which seem similar in area, topography or anticipated price range and carry out a thorough comparison between each and the property that you are examining for market value purposes.
This listing form may be simply writing paper ruled up with various sub-headings or a printed worksheet. In agencies where many rural properties are listed, the pre-printed listing forms are an obvious advantage but no matter what type of listing form is used, it is important to remember that the information gathered must be sufficient to enable the agent or the agent’s staff to confidently and competently answer inquiries from prospects. In this respect, it is absolutely essential that all special selling features relating to the property are fully and accurately covered.