If you’ve ever sold property through an agent, or agency, you will probably know that sellers are often warned not to give sole mandates to agents, but in fact, sole mandates reduce the chance of obstacles and problems in an already-complex transaction.
A sole mandate is a mutually beneficial contract – to both the seller and the agent. If a seller is not happy with an agent's performance during the marketing of their property, the seller can report the agent to the agency Principal. This brings a high level of accountability into the relationship that keeps things both professional and ethically sound.
