Mandate Term Meaning in Real Estate - Guide

Mandate is an agreement to market a property.

Kopal Cheema

6 years ago

Published Date: Apr 11, 2018

Updated Date: Mar 27, 2024

A mandate is an agreement between a Seller and the Real Estate Agent about the marketing of a property. It states all rights and duties of both parties.

The mandate can involve one or many agents. In case the mandate involves many agents it also enlists the distribution method of the commission.

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