Estate Agency – Sub Agent Authority

ESTATE AGENCY – SUB AGENT AUTHORITY

Summary A listing estate agent who wants to grant another agent the authority to market and sell a property, in exchange for a share in the agent’s commission, could use an estate agent’s sub-agency agreement.

Who should use this Authority? An estate agent who has been authorised by a seller to sell a property can use a Sub-Agent Authority to authorise another agent to introduce prospective buyers to the property. The listing agent will retain the mandate from the seller, but has the advantage of having another agent help with the sale.

See also: Reciprocal Sub-Agent Agreement

What does the Sub Agent Agreement say? The template Authority identifies the properties being sold, and sets out the commission structure and basis on which commission will be split and paid to the sub-agent upon a successful sale.

What does the template Authority look like? The template can be printed onto four pages.

What do you need to do to use this Sub-Agent Appointment?

• Read the template authority document to ensure that it suits your requirements. Make any changes as required.
• Complete all details, such as the Sub-Agent’s details, property details, asking price and commission split.
• Give the completed authority form to the Sub-Agent to review.
• Ensure both parties sign the document.

Also viewed: Estate Agent’s Sole Mandate

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