The stand-down period is usually six months, but the length of the stand-down period can vary from agency to agency. It is important to read your agency agreement and get legal advice if you are not sure what this means to you. We believe that general agencies are less effective in the long run and may be a thing of the past because of the digital world in which we live. But it`s your choice! You can negotiate what is in an agency agreement, including the amount of time it covers, the amount of commission you pay, and the expenses you pay. If you are not the sole owner of the property, either all owners must sign the agency contract or you must prove that you have the right to sign for all other owners. (You must provide written confirmation to the agent, for example. B a power of attorney, a decision on directors, company minutes or a court document.) In some agreements, the denunciation of an autonomous agency agreement means that it becomes a general agency agreement. You must also cancel this if you do not wish to continue with the Agency. Remember, the real estate agent works for you, the seller, and you pay them for their services. Make sure you are satisfied with their approach before deciding to sign an agreement with them. If you are unsure of the terms of the agency contract, seek independent advice. The agency agreement establishes whether it is a single agency or a general agency agreement, when it starts, when it ends and how it can be terminated.
It is up to you and the Agency to agree on the duration of the agreement. While only one agent can register you, your contract is between you and the agent or agency they work for. Under the terms of the agency agreement, any agency agent can try to sell it once you have listed your property. When selling a home, it is important to understand the pros and cons of individual or general agency contracts so that you can make an informed decision. We are often asked the question: „Do I have to list my house with a single agency or a general agency?“ At any time, until an agreement is reached unconditionally, you can decide that you do not want to sell your property and remove it from the market. Experience tells us that signing a single agency agreement is by far the best option, but it is time to discuss the pros and cons and also to consider the perceptions around each of them.