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Exclusive Sole Mandate or Open Mandate

Exclusive Sole Mandate or Open Mandate

Owners often choose an Open Mandate when marketing their homes, believing that the more agents they have working on their property, the sooner they will achieve a good price for their house. In fact the reverse is often true, as no agent likes to spend time and money on a property they might not sell and you stand the chance of paying double commission

Sole Mandate – the best option

Unfortunately, owners often choose an Open Mandate when marketing their homes, believing that the more agents they have working on their property, the sooner they will achieve a good price for their house. In fact the reverse is often true, as no agent likes to spend time and money on a property they might not sell.

Under a Sole Mandate, both the agent and agency are contractually bound to do their very best to market your home within the period of time laid out in the Sole Mandate.

WHY A SOLE MANDATE?

One agency is responsible. A Sole Agent will often obtain a higher price when they know they have time to negotiate with the Buyer, without worrying that another agent might “get in first”. A Sole Mandate secures you a better marketing plan, a concentrated effort, wider coverage and it prevents any claims for double commission when the same buyer is brought through your home twice, by different agents.

MOST IMPORTANT:

Your security and privacy are protected as only your sole agent will contact you and bring the buyers to your home.

As your Sole Agents we agree:

  • To qualify buyers before bringing them to your home.
  • To give you regular reports and to follow up all leads.
  • Development of a buyer profile
  • Contacting qualified buyers
  • Photographs for window and advertising displays
  • Schedule of show days
  • Inform other agents of your property
  • Viewing, by appointment only
  • Show house campaign
  • Intensive marketing
  • Inclusion of your property on our Internet site
  • Advertising strategy and plan
  • Weekly progress report