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Understanding the Estate Agent mandate

Understanding the Estate Agent mandate

A mandate is an agreement between a Seller and the Estate Agent(s) regarding the marketing of a property, the agreement duration and obligations for both parties.

There are three common types of mandates: Sole mandate, Multi-listing mandate and an Open / dual mandate.

There are three common types of mandates:

Sole mandate

A sole mandate is when one Estate Agent has exclusive rights to sell your house within a specific period of time

Multi-listing mandate

A multi-listing mandate is when Agents from different agencies have the right to sell your property. After a sale, the Agent’s commission is split between all listing agencies involved.

Open / dual mandate

An open mandate means that the property is on the books of more than one Estate Agent, and each Agency has the right to sell the property, without being required to share the commission. 

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