Property Connect advised that it has executed an agreement with Pipeline Marketing Management LLC (trading as Pipeline) to act as its exclusive agent for a period of two years to license and market the LiveOffer sales auction and rental platforms in the GCC ­Dubai and surrounding countries. Building upon the recently announced global referrer's agreement with Damac Properties, Pipeline will provide a range of services to assist the company to successfully launch its LiveOffer sales auction and rental platforms in the GCC. As the company's exclusive agent in the GCC, Pipeline will provide the company with the following services: Property Developer Relations ­ work with local developers to introduce developments to the LiveOffer platforms and manage all aspects off the sale process for developments on the platforms, subject to customary SLAs; Purchaser Relations ­ work on direct property investment activities with potential purchasers, including managing viewing of properties and ancillary services to complete purchases on the LiveOffer sales auction platform, such as conveyancing and financing arrangements; and Business Development Activities ­ recruit additional developers, purchasers and partners throughout the GCC for new developments and services relating to the LiveOffer sales auction and rental platforms. Pipeline will earn commission based upon annual sales volumes on the LiveOffer sales auction platform in the GCC ranging from 10% - 15% of the Licence Fees received by the company for annual sales of AUD 5 million - AUD 15 million plus. Pipeline and the company will agree on the terms of commission for transactions completed on the LiveOffer rentals platform prior to its future launch in the GCC. License Fees payable to the company for sales auction transactions completed on the LiveOffer platform, such as under the global referrer's agreement with Damac, typically range between 5%-8%, depending upon the development project, settlement schedule and payment plan. These fees are exclusive of ancillary or complimentary services such as mortgage origination, the fees for which typically range between 1%-3%. License Fees payable to the company for rental transactions completed on the LiveOffer platform, typically range between 1%-3%, which are exclusive of complimentary services such as connection services. Property Connect has agreed to complete all customisations to its LiveOffer sales auction platform necessary for the GCC within 30 days. The company has been working with Damac to introduce its property listings to the LiveOffer sales auction platform and looks forward to successfully completing transactions on the platform shortly following completion of these customisations.