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Quick answers on agency agreements, exclusivity and fees
Short answers on non-exclusive and exclusive mandates, duration, termination, fees, who pays and included services.
QUICK ANSWERS
Quick answers on agency agreements, exclusivity and fees
Open a question to read the full answer. Subjects needing personal assessment then lead you to the right conversation.
What is the difference between a non-exclusive and an exclusive agreement?+
An exclusive agreement puts one agent in charge. A non-exclusive agreement allows several agents to act, which can result in multiple listings, messages and reporting channels.
How can an exclusive agreement help coordinate the sale?+
Consistent presentation, timing, feedback and adjustments keep the strategy focused. The benefit depends on the commitments set out in the agreement.
Does exclusivity mean less exposure?+
Not if the agent arranges broad advertising and useful partnerships. Compare the marketing plan, not just the number of agents involved.
How long should the agreement last?+
The term and cancellation conditions are set out in the agreement. Read them before signing.
How are agency fees calculated?+
The applicable fee scale, who pays and the precise terms are set out in the agency agreement and the listing.
Who pays the agency fees?+
This depends on the agency agreement. The listing must clearly state who pays and how the advertised price is presented.
What should I ask before signing?+
The recommended price, resources committed, advertising channels, reporting, adjustment process, agreement term and fees.
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