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What does 'Split Commission' mean?

Split Commission

Often found in very small estate agents. One agent will win an instruction to sell a property for a certain fee. He will then offer to split this fee with another agent if they can sell it - often without telling the vendor. There are security issues with this and the seller ends up with a lack of control, not knowing where or how their property is being marketed.

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How to Really Buy a Property

Chapter 23: Why Vendors Choose Bad Estate Agents
"... 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 agents. You are either..."
This is in the 2016 ebook
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"... advertising the words "joint sole" can be used to make the property sound exclusive in some other way than having to say "multiple". - split commission - This will often happen without the vendor knowing it and works something like this: You instruct Agent A to market your property..."
This is in the 2016 ebook
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"... has keys and an agent you may have decided to avoid is actually on the case. split 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..."
This is in the 2016 ebook
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Split Commission
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!