What does 'Sole Agency' mean?
Sole Agency
When a property is on the market with one estate agent it is sole agency. The term is usually of more relevance to the vendor because most agents will charge a higher fee if another agent is also instructed. They have one fee for 'Sole Agency' and one fee for 'Multiple Agency'. When the property is on the market with two agents it is occasionally referred to as 'Joint Sole Agency'.
Search Results for 'sole agency' in How to Really Buy a Property
Chapter 23:
Why Vendors Choose Bad Estate Agents
"... sell it at all.
- Using More than One Agent -
If you are using just one agent the term associated 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..."
"... 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..."
"...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 term has evolved as a way of agents offering you a sole agency fee, in other words a lower one, even if you are on with another agent. In advertising the words "joint sole" can be used to make the property sound exclusive in some other way than having to say "multiple".
..."
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Search Results for 'sole agency' in Property Terminology