Exclusive agent contracts probably have a contract duration after which you can either renew your contract, switch entirely to another agent, or move to joint agencies or several if your property is not sold. The results? Movewise manages and implements a multi-agency sales strategy for a one-time agency fee, which allows them to achieve an 88% sales rate (compared to the default 50% achieved by a single agent), a 2-month faster selling rate, and a 3% higher average selling price. While most of us have to dig deep and inject on a 3% commission if we want to use multiple agents, major wigs probably pay half because local agents want their lucrative recurring activity. Let`s first take a quick look at the most common contractual agreements that suppliers have with their local agent. It will help to provide a clear picture of the overall scenario. You may be wondering – single representatives, joint representatives or several agents: what is better? We look at the different options to help you make a decision. If you change your mind after signing an individual contract, you can terminate it until 5 p.m. on the first business day after receiving a copy. This must be done in writing (e.g. B letter, e-mail or fax). “A lot of hands do an easy job.” “The more the better.” « Two heads are better than one. » There are many proverbs that support the idea of using more than one real estate agent or agency to market and sell a property.
It has become rarer to see real estate with a variety of “for sale” signs, but if you opt for one or more agencies, it`s a matter of personal choice. Either way, there are important things to keep in mind. Needless to say, it is important to carefully check the terms of an agreement before signing it. In theory, several representations mean that the property is seen by a greater number of potential buyers, so it is more likely to sell at a higher price. However, since no agent is solely responsible for marketing the property, he is likely to engage less in the sale. On the other hand, a single list of agencies means that the broker is required to do their best to sell the property….
