Statement Of Property Details And Buyers Agency Agreement

You can negotiate with the agent the amount of commissions, fees or other expenses you may have to pay. Before signing an agreement, it`s a good idea to talk to some agents to compare prices. Ask each agent for a printed list of their fees and commissions and the expenses they have calculated. The duration of a fixed term is negotiated between you and the agent, there is no minimum or maximum duration. The fixed duration depends on how long you and the broker think it will take to sell the property. A single representation contract is similar to an exclusive agency contract. You give a broker the right to sell the property, but you can find a buyer yourself. If you find a buyer who has not been introduced by the agent, no commission is payable to the agent. If you are not satisfied with the services of an agent, it is important to properly terminate your agreement with them before registering with another agent. Otherwise, both agents may charge you a commission when selling the property.

The agency contract can be either permanent or for a fixed period (a fixed duration). The agency contract becomes mandatory if the contracting entity (i.e.: You signed as the owner [seller/seller] of the property or someone who is acting legally for you) and the agent signed it….

Comments are closed.