What does 'Multiple Agency' mean when buying a property?
Find out what Multiple Agency means when you are buying a property. 'What does Multiple Agency mean?' plus over 150 other property related terms and jargon in plain English
Multiple Agency
When a property is on the market with more than one estate agent it is referred to as multiple 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 a higher fee for 'Multiple Agency'.
When the property is on the market with two agents it is occasionally referred to as 'Joint Sole Agency'.
To learn all the lingo you will need to know when purchasing a property pick up a copy of my ebook How to Really Buy a Property.
Search Results for 'multiple agency' in
How to Really Buy a Property
Chapter 23:
Why Vendors Choose Bad Estate Agents
"... 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 agents. You are either sole agency or..."
"... commissions are most often found in very small agents where they do not have the staff or resources to market effectively.
- multiple agency -
Most agents will try to make you feel bad about going on with more than just them. They will use words like, "Everyone registers with us,..."
