The agency agreement establishes whether it is a single agency or a general agency agreement, when it starts, when it ends and how it can be terminated. It is up to you and the Agency to agree on the duration of the agreement. Find out if the numbers are included or exclusively GST. You have the right to negotiate the terms of the contract and to demand changes authorized by law. Changes to the agreement must be signed by all parties, unless the agent reviews the estimated sale price of your property. Exclusive sales of user rights provide exclusive sellers with better protection with respect to their rights. The rules are simple: if there is a sale during the exclusive sale period, the agent receives HIS fee. Where a representative is mandated under an exclusive right-of-sale agreement, only that representative can, for the duration of the exclusive sale period, market the transaction for sale. It is of course quite possible that an exclusive sales contract will be terminated and that a seller will then order a new real estate agent to market the property for sale.

However, according to the wording of the original contract, the original agent may continue to be entitled to a royalty if he has entered into the subsequent buyer or conducted negotiations during HIS single right-of-sale contract, while the new representative has been able to proceed with the actual introduction. If the old active substance was implemented effectively, it does not matter if it has proven to be an effective introduction [Dashwood vs. Fleurets]. From a legal point of view, the Commission of Information Regulations 1991 establishes different conditions for the validity of a brokerage contract. This implies, among other things, the obligation to make a written statement from the outset: while only one agent can sign you, your contract is between you and the agent or agency for which they work. Under the terms of the agency agreement, any agency agent can try to sell it once you have listed your property. You must read and understand the agency agreement and you must also get legal advice before signing. You can negotiate what is in an agency agreement, including the amount of time it covers, the amount of commission you pay, and the expenses you pay. The agency agreement names your elected agency and determines what you allow them to do, for example: you must also warn them that if they terminate the agency contract with you and then sell it privately to someone you have introduced, they may still be required to pay a commission.

However, there are sometimes uncertainties among established real estate agents as to the type of contractual agreements that may exist or artistic conditions such as “exclusive sales agency,” “single sales agency,” “common single agency” or “multi-agency.” Nor is it known what a treaty is supposed to say. In this article, I intend to explain these terms and give some advice on their use.