Property Terms Defined - Mandates


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.

Real estate in Bryanston - Property Mandate Negotiations.jpg

Engel & Völkers

Shop L30, Nicolway Shopping Centre, 2959 William Nicol Drive
2021 Bryanston
South Africa
+27 (0)11 706 6570

To the shop

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