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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'.

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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..."
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"... 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..."
This is in the 2016 ebook
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"... 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 in the 2016 ebook
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"... 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..."
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Property Terminology

Joint Sole Agency
Multiple Agency
Sole Agency
Author of How to Really Buy a Property

I'm Tim Hill, Author of How to Really Buy a Property. I'm a property buyer, seller, landlord, tenant and I've been an agent in hundreds of transactions. I own a property portfolio across Europe but that doesn't mean I think you should to!

This book is my collective knowledge and experience that I have gained working within the property market of England and Wales for over a decade. I've written it so that you can benefit from what I have learnt whether you are a first time buyer or a budding buy-to-let investor.

There are no gimmicks here and no get rich quick schemes - just practical no nonsense advice so you can buy the property you want at the best price with the least stress.

Download the Free Preview copy right now. I won't be asking for your email so I can bombard your inbox with 'special offers' and 'discounts' because I know most people who read the Free Preview buy the full copy. See for yourself!