Every offer next to the approved price list, before you accept.

When selling the units of a fund, by comparing each offer with the approved price list for its unit, that is, the minimum price decided by the SGR’s board of directors, before accepting it. In EASYRE® the approved price list is imported in bulk from the SGR’s systems and each unit has its own price; offers to be checked wait in the price review queue before they are accepted. Preliminary contract and notarial deed stay on the same unit with their prices, and the portfolio report shows the deviation from the approved price list fund by fund. Deals lost on price are closed with the reason, for example offer not in line with the approved price list or inconsistent with the approved price list.

The approved price list is the minimum price of each unit, decided by the owner’s board of directors or by the body that decides on sales: below it, a unit is not sold without a new decision by whoever approved it. The asking price is the price in the listings, the starting point for brokers, estate agents and buyers, and it is usually above the approved price list. In Italy they are called listino and prezzo richiesto. A buyer’s offer is compared with the approved price list, not with the asking price, and the approved price list can stay confidential to the owner. If the asking price drops too far, enquiries come in that do not lead to a sale.

Not without a new decision by whoever approved it: the approved price list is the minimum price of each unit. In EASYRE® offers to be checked wait in the price review queue, before acceptance, with the unit’s approved price list next to the offered price. Deals closed on price have their reason on record, for example offer not in line with the approved price list or inconsistent with the approved price list.

The owner decides: the approved price list belongs to the owner and can stay confidential. Brokers and estate agents work on the asking price, the one in the listings, and bring the offers; in EASYRE® the comparison with the approved price list is made by the seller, before acceptance. If an offer does not work, the deal is closed with its reason, for example ‘inadequate offer’ or ‘inconsistent with the approved price list’, and the rules are the same for every broker.

The owner, through the body that decides on sales on its behalf. In an SGR it is the board of directors and, if the fund rules provide for it, the advisory committee gives its opinion on the sales plan. In Italy, in a public social security institution the board of directors adopts the investment and divestment plan and the steering and supervisory council gives final approval; in a private pension fund for professionals the body named in its statutes decides. For the properties a bank receives through debt recovery, the EBA Guidelines recommend treating them as non-current assets held for sale, with an individual plan to sell each asset approved by the management body. Whoever sells on behalf of an owner works within the limits of the mandate. EASYRE® does not approve the list: it imports it in bulk, keeps it next to each unit and compares it with the offers, before acceptance.

It is the check that the offered price is consistent with the approved price list set by the owner, made before the offer is accepted. In EASYRE® offers to be checked sit in a dedicated queue, the price review queue; an offer that does not pass can be closed with the reason ‘offer not in line with the approved price list’. It is not the fairness opinion (giudizio di congruità) that the SGR asks of the independent expert for each property it intends to sell: the glossary of AML in Italy: who does what explains what that is.

In bulk, from the client’s systems: each unit takes its own minimum price, which stays next to the offer, preliminary contract and deed prices. When a new approved price list is adopted, it is imported again in the same way.

No: the sales budget is a D.P.S. advisory service, not a software feature. EASYRE® provides the data to start from: approved price list, offers, preliminary contracts and notarial deeds unit by unit, the sales report with offers and deeds by period, and the deviation from the approved price list by fund.