Once you choose an agent, you will be asked to sign an authority to sell, appointing that agent. This is a legally binding contract, which fully sets out the details of your agreement with the agent, including: • whether the property is to be sold by private sale or auction (and the auction date) •…

The most common type of sales authority is the exclusive authority which means you appoint a single agency to exclusively market your property. Under an exclusive authority the agent is entitled to commission when the property is sold or when the agent receives a binding offer at the vendor’s reserve or asking price. You should…

Not during the exclusive authority period unless your agent agrees, if you have signed an exclusive auction or private sale authority. If the exclusive authority also has a non-exclusive period you can cancel that at any time, by giving your agent written notice. If you engage the services of another agent on an exclusive basis…

No. The authority you have signed does not provide you with the right to cool off. Source: Real Estate Institute of Victoria