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The different mandates
Simple or exclusive mandate
To be able to search for buyers, tenants , or a property to buy, the real estate agent must first hold a mandate.
The real estate agent is a professional agent . The mandate is a contract that allows the real estate agent to act in the name and on behalf of the principal.
The range of mandates covers:
• The sales mandate, entrusted by an owner wishing to sell his property,
• The search mandate, entrusted by a person looking for a property to rent or buy,
• The rental mandate, or search for a tenant, entrusted by an owner wish to rent his property,
• The management mandate, by which the real estate agent manages the relationship with the tenants of a property, throughout the lease.
In the context of sale or rental, there are two main types of mandates:
• The simple mandate, which allows the principal to search for a buyer or tenant, by himself or by another intermediary.
• The exclusive mandate, by which the principal entrusts to the real estate agent who has chosen, and to him alone, the mission of searching for a buyer or a tenant.
Frequently, the mandate contains specific and specific clauses. Thus, it can be "semi-exclusive": the principal can look for a buyer by himself, but he will have to send him back to the real estate agent holding the mandate.
Since the mandate is a contract, it has the force of law and the principal has the obligation to respect the commitments he has entered into.
The real estate agent is a professional agent . The mandate is a contract that allows the real estate agent to act in the name and on behalf of the principal.
The range of mandates covers:
• The sales mandate, entrusted by an owner wishing to sell his property,
• The search mandate, entrusted by a person looking for a property to rent or buy,
• The rental mandate, or search for a tenant, entrusted by an owner wish to rent his property,
• The management mandate, by which the real estate agent manages the relationship with the tenants of a property, throughout the lease.
In the context of sale or rental, there are two main types of mandates:
• The simple mandate, which allows the principal to search for a buyer or tenant, by himself or by another intermediary.
• The exclusive mandate, by which the principal entrusts to the real estate agent who has chosen, and to him alone, the mission of searching for a buyer or a tenant.
Frequently, the mandate contains specific and specific clauses. Thus, it can be "semi-exclusive": the principal can look for a buyer by himself, but he will have to send him back to the real estate agent holding the mandate.
Since the mandate is a contract, it has the force of law and the principal has the obligation to respect the commitments he has entered into.
Good to know
Since the Alur law (for Access to housing and renovated urban planning) of March 2014, the exclusive mandate must specify the actions implemented by the real estate agent (or his network) to carry out his mission as well as the modalities according to which he reports these actions to the seller.
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