What is an agency agreement?
An agency agreement is a legally binding contract between you and the real estate agent entered into before selling your property. An agency agreement sets out what the agent is authorised to do for you and stipulates all commissions and any other costs you may be liable to pay. An agency agreement usually lasts for a fixed time period. Methods of ending an agency agreement vary depending on the particular clauses in the agreement. Usually, agency agreements stipulate that you must provide written notice in order to end the agreement.Read More