Downsizing

What’s the difference between Prime Cost or Diminishing V... Two methods can be applied when depreciating property, the Diminishing Value (DV) and Prime Cost (PC) method.
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What’s the role of a real estate agent and for whom do they work?

The real estate agent has been selected by the seller to sell the property and maximise the owner’s price.

The agent organises marketing, open for inspections, passes on offers received, and negotiates with multiple buyers under the instructions of the owner.
  • The agent does not take instructions from prospective purchasers but is obliged to communicate all offers received, regardless of whether he or she feels they are appropriate
  • The agent receives a commission, based on a percentage of the sale price, as payment for their services
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