What does 'Joint Sole Agency' mean?
Joint Sole Agency
This means a property is being marketed through two estate agents who are both charging the seller their sole agency fee rather than their multiple agency fee (which is higher). It is often used in marketing to try and make the property seem more exclusive but it is more a fancy dressing and a way for an agent to offer a reduced fee to the seller in order to win an instruction.
Search Results for 'joint sole agency' in How to Really Buy a Property
Chapter 23:
Why Vendors Choose Bad Estate Agents
"... with this is sole agency. There are three other scenarios that any vendor should be aware of, at least one of which should be avoided:
joint sole agency
Split Commission
Multiple Agency
- Joint Sole Agency -
This is a fallacy and a very glossy way of saying you are on with two..."
"... any vendor should be aware of, at least one of which should be avoided:
Joint Sole Agency
Split Commission
Multiple Agency
- joint sole agency -
This is a fallacy and a very glossy way of saying you are on with two agents. You are either sole agency or with multiple agents. The..."
Search Results for 'joint sole agency' in Property FAQ
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Search Results for 'joint sole agency' in Property Terminology