Mandates
SOLE MANDATE
A marketing plan is tailor – made to suit your
personal needs and can be monitored and controlled
OPEN MANDATE
Possibly, non of the agents will formulate a
sustainable marketing plan and you risk
over/ under exposing your property
A single agent interacts with you and understands your personal needs
These properties tend to be just added top
a long list of open mandate properties
A sole agent creates competition amongst buyers On an open mandate, agents tend to comto compete for a better price on your property pete and thus compromise your price
Continuous feedback from your agents and buy- Mismanagement in price can result in buyer
ers allow you to carefully manage your price and confusion and a lower price being achieved
attain best result.
A sole agent is accountable for you results
Agents are less accountable on open mandates
Your sole agent will negotiate the best price on Buyers often seek out the lowest price
your behalf with potential buyers
through the various agents
Less likelihood of commission disputes
With more than one agent per property
commission disputes often arise
Only one agent has access to your property
Having multiple agents through your
property creates a security risks
Your Guarantee:
Choosing a reputable agent to market your development under Sole Mandate
affords you peace of mind that you have their total commitment and is your
guarantee that they:
Will study your property thoroughly and market it in the best way to attract
buyers.
Will devote time, effort and a generous budget to marketing
programmes.
Will be accountable for the marketing process.
Are committed to keeping you informed and providing feedback on sellers and
market activity.
Will find a prospect as quickly as possible, who is willing and able to buy the
property.