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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.

The Straight, Lonehill - Property Mandate Negotiations.jpg

Engel & Völkers

East Block, First Floor Pineslopes Shopping Centre
2086 The Straight, Lonehill
South Africa GPS co-ordinates: 26 01'16.92"S 28 00'51.63"E
+27 11 465 8405

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