Define Sole Agency Agreement

Posted by: In: Ikke kategoriseret 16 sep 2021 Comments: 0

If you have an individual representation contract, you may not be able to terminate the contract prematurely, unless the Agency agrees to do so, but you can withdraw your property from the market until the agency contract expires. If the single representation contract lasts more than 90 days, you or the Agency may terminate the contract at any time after 90 days. In addition to the convenience of letting someone act on your behalf, an agency contract can also arise from necessity. For example, if you are faced with a legal case, you will probably need to be represented by a qualified lawyer. The appointment of this lawyer constitutes an agency contract between you and the lawyer and authorizes the lawyer to act on your behalf. If you are not the sole owner of the property, either all owners must sign the agency contract or prove that you have the authority to sign for all other owners. (You must provide the agent with written confirmation, for example. B a warrant, an order of directors, a company minutes or a court document.) You can choose to list your property with a new agency at a later date. If the first agency has already carried out work that contributes to the sale of the property (for example. B the idea of a potential buyer buying it then), you might still have to pay them a commission…

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