Running a Property Agency Print

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Representing buyers and sellers.

WHAT THE BUSINESS ACTUALLY IS

Matching parties, and being trusted by both.

WHAT AGENTS ARE PAID FOR

Finding the counterparty Managing the process Reducing risk

WHAT TO ESTABLISH WITH ANY CLIENT

What you are instructed to do Whether the instruction is exclusive What commission applies, and when it is earned Who pays it What expenses are recoverable

WHY WHEN IT IS EARNED

Disputes about commission arise from its absence.

WHAT TO PUT IN WRITING

All of it, signed.

WHAT TO VERIFY BEFORE LISTING ANY PROPERTY

That the person instructing you has authority That the property is what they claim That documentation exists

WHY VERIFY

Marketing property the seller does not own destroys your reputation and exposes you.

WHAT TO REQUIRE

Sight of title documents, and a search where the value justifies it.

WHAT TO DISCLOSE TO BUYERS

What you know about the property.

WHAT NOT TO DO

Conceal known defects or disputes.

WHY

It is actionable and it ends your reputation.

WHAT TO ESTABLISH ABOUT VIEWINGS

Who attends Whether the property is secure Safety of your staff

WHY SAFETY

Agents attend viewings with strangers, frequently alone.

WHAT TO ARRANGE

Someone knowing where they are, and check-ins.

WHAT TO RECORD

Every instruction, viewing and offer.

WHAT TO MAINTAIN

Relationships, which produce repeat and referral business.


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