When selling a property, the type of mandate you choose plays a key role in how effectively your home is marketed and sold. An open mandate lets you list your property with several agencies at once, but can lead to coordination challenges and even double commission disputes if more than one agent claims the sale. A dual mandate is similar, but involves an exclusive agreement with two agencies who share the responsibility and commission. A sole mandate, on the other hand, gives one agent exclusive rights to market your property for a set period. This approach typically ensures focused attention, dedicated marketing efforts, and better results, as the agent is motivated to secure the best possible price quickly. A sole mandate also reduces stress for sellers, who only deal with one professional instead of many. Mandates should always be in writing and clearly outline legal obligations, commission terms, and marketing plans.
