Types of Agency Agreements

Once you have chosen your agent, it is time to decide what is the best method to sell your home. Essentially, there are two methods of selling a property:

Exclusive Agency/Exclusive Listing: One real estate agent or office sells your property.

Within an exclusive agency agreement, you have several options available: auction, private sale, tender and expressions of interest.

Properties sold under exclusive agreements usually sell for the best price in a shorter time.

The exclusive agency method is recommended over the open listing method because the sale of the property is in the hands of only one party.

  • Saving the seller the confusion of having to liaise with more than one agent.
  • Saving the seller time and money involved in advertising and marketing costs when a number of agents are trying to sell the property.
  • The agents full focus and commitment is guaranteed.

Open/General Listing: Listing your property with several real estate agents.

Properties sold under open/general listing often take longer to sell and don’t always produce the best result.

Your PRDnationwide agent will discuss all the options with you, and advise you which one would best suit your needs.

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Phone 02 4344 5580
Fax 02 4344 5582
11-13 Broken Bay Road
Ettalong Beach NSW 2257