WHAT IS A MANDATE?
A mandate means written authority given by a seller to areal estate agency, in order to instruct them officially to sell their property.There are a few different types of mandates and we explain the four most commonly used ones here below:
- OPEN MANDATE: Any agency may market and sell your property on a first come, first serve basis.
- DUAL MANDATE: Only 2 agencies are allowed to market and sell your property.
- SHARED MANDATE: More than 2 agencies are allowed to market and sell your property exclusively.
- EXCLUSIVE MANDATE: One agency has the exclusive rights to the marketing and selling of your property.