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Real estate mandate: the real estate agent’s contract Category: Practical guidelines Chapter: Selling real estate To sell/buy/rent a property, several choices are available. You can choose to sell on your own or call on a real estate agent. In this last case, you will “mandate” this agent to find you a buyer. The mandate must be in writing and specify the terms of the agreement, i.e.: agent’s remuneration, term of the mandate, its exclusive or non-exclusive nature, etc. If you choose an “exclusive” mandate, be careful, the agent has a monopoly on the search for your buyer. It will of course cost you a “sales commission” calculated based on the amount of the sale, this is payable upon signature at the Notary’s office. Updated on: 18/02/2007 And on the same subject: The Notary Notary fees 2008-2012 L'immobilier 100% entre Particuliers. All rights reserved Real Estate between individuals

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