Archive for March 3rd, 2008
For what period of time should a sole authority contract extend?
Monday, March 3rd, 2008Many sellers unfortunately—frequently aided and abetted by some estate agents—believe that their property is worth far more than its fair market value. Common sense, consequently, dictates that it is useless to take on a property under a Sole Authority contract for a short period when:
there is no urgent commitment to sell;
a comparative market analysis (CMA) [...]
Why should an estate agent want a sole authority?
Monday, March 3rd, 2008Although there are several reasons, which will be explained, the two most important are:
that a Sole Authority is the one sure way of achieving the best possible market price; and
guarantees payment of agents‘ commission provided the mandate is fulfilled.
Many estate agents accept verbal open mandates, find purchasers who are willing and able to buy, [...]
