If I sell my property with the help of a real estate agent, I'd expect my agent to work for me - NOT THE BUYER! So here is an example of the exclusive seller's agent mandate I would be willing to grant my agent:
I/We . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ID No. . . . . . . . . . Tel.. . . . . . . . . . . Fax . . . . . . . . . . . . . Email. . . . . . . . . . . . . . Postal address . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ("the seller") grant to . . . . . . . . . . . . . . . . . . Principal . . . . . . . . . . . . . . . . Tel.. . . . . . . . . . . Fax . . . . . . . . . . . . . Email. . . . . . . . . . . . . . Postal address . . . . . . . . . . . . . . . . . . . . . . . . . . . ("the seller's agency") represented by . . . . . . . . . . . . . . . . . . . Fidility Fund Certificate No.. . . . . . . Tel.. . . . . . . . Fax . . . . . . . . Email . . . . . . . . . . ("the seller's agent") the authority and right to sell Erf/Sectional Title unit . . . . . . . . . . . . . . . . . also known as Street/Complex Address . . . . . . . . . . . . . . . . . . . . . . . . . . . located in suburb . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . of the town . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ("the property") subject to the following terms and conditions:
1. This sole and exclusive mandate grants the seller's agency the exclusive right to market the property for sale and precludes all other agents from advertising the property for sale, but shall not constitute a power of attorney.
2. The purchase price shall be R. . . . . . . . . ( . . . . . . . . . . . . . . . . . . ) cash, or such lesser sum or terms as the seller may accept, and includes the commission as described in 3. herein.
3. The total commission offered by the seller, for a successful sale at the full purchase price, shall total R. . . . . . .. The commission will be calculated pro rata to the actual purchase price and shall be paid upon registration of transfer of the property.
3.1 The seller's agent shall be entitled to 66% of the total commission offered by the seller.
3.2 The agent representing the buyer's interests shall be entitled to 34% of the total commission offered by the seller.
4. The property shall be available for occupation by the buyer on . . . . . . . . . . .
5. The property includes all fixtures and fittings of a permanent nature, including the stove, oven, all electrical fittings, plumbing, TV aerials, satellite dishes and . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6. The period of the mandate shall be . . days, to commence at . . .h. . . on . . . . . . . . . and terminate at . . .h. . . on . . . . . . . . . . ., unless the mandate is terminated earlier, as provided herein.
7. The property shall be sold voetstoots and subject to all conditions of title and servitudes contained in the title deeds for the property. The agent undertakes to disclose those relevant facts that may be required, by law, or to protect the seller's interests, regarding the property to prospective buyers.
8. Transfer of the property shall be effected by the seller’s conveyancers: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tel.. . . . . . . . . . . Fax . . . . . . . . . . . . . Email. . . . . . . . . . . . . . Postal address . . . . . . . . . . . . . . . . . . . . . . . . . . . . ("the conveyancers")
9. The seller undertakes to accept an offer submitted by the agent from an able and willing purchaser, should such an offer comply fully herewith, but the seller shall have the right, at his own discretion, to refuse any offer which includes any stipulation he cannot agree to.
10. Obligations of the agent:
10.1 The seller's agent shall not accept this mandate before preparing a motivated comarative market anaysis for the property, containing details of comparable properties that have recently been sold in the area surrounding the property, a copy of which shall be submitted to the seller within 24 hours of accepting this mandate.
10.2 The seller's agent shall furnish the seller with a copy of this agreement within 24 hours after accepting this mandate.
10.3 The seller's agent agrees to act for and on behalf of the seller, and undertakes to protect the seller's interests above any other party's interests.
10.4 The seller's agent shall allow any buyer to appoint an agent to represent the buyer's interests and will not, through any action or inaction, obstruct the buyer's agent from performing his/her duty to the buyer, unless such action or inaction is required to protect the interests of the seller.
10.5 The agents shall keep confidential any information furnished by the seller, which the seller requires to be kept confidential, or which can influence the sale and purchase of the property negatively, except where such information must be disclosed to protect the seller.
10.5.1 The agent herby accepts the seller's instruction to keep all personal information, provided in this document and in the course of this agency, secret.
10.6 The agent shall forthwith submit, for the seller's consideration, all offers received for the property.
10.7 The seller's agent undertakes to implement the marketing plan attached hereto as Annexure A.
10.8 The seller's agent shall submit the copy for any planned advertisement to the seller for approval before publication.
10.9 The seller's agent shall submit a written feedback report to the seller, listing all prospective purchasers introduced to the property, their comments about the property and the price, as well as details of any advertising featuring the property.
10.10 The seller's agent shall immediately upon acceptance of an offer submit the concluded agreement of sale to the conveyancers, and keep the seller informed about the progress of the transfer of ownership on a weekly basis.
10.11 The seller's agent shall make good any damages incurred by the seller whilst the seller’s property was under the custodianship of the agent.
11. Either party shall be entitled terminate this mandate upon written notice.
12. For the purposes of this agreement, the parties agree to accept email notification as written notice.
11. Other conditions: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Signed at . . . . . . . . . . (place) on . . . . . . . . . . . (date)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
the seller witness 1
Signed at . . . . . . . . . . (place) on . . . . . . . . . . . (date)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
on behalf of the seller's agency witness 2
