The mandate of sale

The mandate of sale is a contract whereby the customer assigns the real estate agent, (with commission) to search for a buyer for the property he wants to sell:  the real estate agent cannot intervene in a transaction if he does not hold this document which authorizes him to conduct all business activities such as  displays, advertising, visits etc ...

As part of its mandate, the real estate agent must implement all the means at their disposal to carry out its mission and satisfy both the seller and buyer.

The mandate should include several key phrases:

  • the names and addresses of the concerned parties,
  • the description of the property for sale,
  • the amount of the commission due to the realtor,
  • the party responsible for the payment of the commission, (buyer or seller)
  • the period for which the mandate is granted.