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BC Rentals & Sales sole or open mandate?
Making the right decisions
Giving A Mandate is your choice. You have the option of listing y always remain in control of the process when selling your proper
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SOLE MANDATE
A written agreement between the seller and an estate agency to exclusively market the sellers’ property under certain defined terms and conditions.
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Marketing plan is tailor-make to suit sellers personal needs.
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Interaction with a single agent who is determined to fully understand your needs.
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The agent creates competition amongst buyers to compete the price.
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Consistency of price ensured. Exceedingly small chance of any commission dispute.
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Viewing times are set predictable and security is paramount.
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Property will not be abused as a springboard.
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Sole Mandate = Motivated Agent
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our property on either a Sole Mandate or Open Mandate. You ty.
OPEN MANDATE
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The agent who has received a mandate from the seller may market and sell the property.
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General marketing and exposure of property supported by a shared marketing budget.
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You must repeat yourself in explaining your needs to many agents.
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Price often compromised due to agents competing on the property which creates confusion in the market due to buyers seeking out the agent that offers the lowest price.
Less accountability creates less focus on the property.
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Risk of commission disputes and seller becoming liable to pay double commission
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Over exposure can imply desperation = ‘Bargain’ opportunity.
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Open Mandate = Diluted Motivation
