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What is an agency agreement?

An agency agreement is the contract between the seller and real estate agent. It outlines details such as the agent’s fee (commission), the length of time the agreement will last (typically three months), the estimated selling price and any marketing arrangements. There are two main types:

  • Exclusive Agency Agreement – your property is listed for sale with just one agent exclusively
  • Open Agency Agreement - your property can be listed for sale by more than one agent at once
Check out our resources area to find out how an 'exclusive listing' brings the best result.
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