Sole Mandate-Sale Agreement

Summary

A Sole Mandate for a Sale Agreement is a legally binding contract between a property owner (the seller) and a real estate agent or agency, granting the agent exclusive rights to market and sell the property within a specified period. Unlike a sole agency agreement, a sole mandate often obligates the seller to pay the agent’s commission regardless of who finds the buyer, including the seller themselves. This type of agreement ensures the agent has full control over the sale process and motivates them to invest time and resources in selling the property.