Latest News
Posted in Click on Properties - Latest News
SOLE MANDATE
The majority of residential properties in South Africa are sold under a sole agency agreement. 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 property. In fact, the reverse is true, as no agent likes to spend time and money on a property they might not sell. A competent, self respecting agent would rather list a few properties exclusively than taking a hundred open listings.
With a Sole Mandate, the agent and the agency are contractually bound to spend all their efforts to market the home within a set period of time laid out in the Sole Mandate agreement. Sole Agents spend more time working exclusively on the said property, putting in more energy into the marketing of a home where they know the responsibility of getting the home sold lies with them.



