In August 2007, the issue of sole selling rights resurfaced. An online estate agent has complained to the Office of Fair Trading to re-examine the nature of competition in the industry.
Sole selling rights
gives the background to the story. The fact that the story has appeared at all is symptomatic of the state of the industry. While we're not against these contracts in principle, as with any agreement, you must know what you are signing before you put pen to paper.
On a wider front, the comments from agents in the BBC story, are indicative of an industry that might have had it's own way for too long. But just like any other industry agents must adapt to thrive.
What does all this mean for you?
With competition intensifying we suggest you secrutinise your agent's agreement carefully, particularly if you want to try your hand at more than one method of selling.
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