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Sole selling rights, is there away to get out of it?

I must need my head read at getting into a sole selling contract, is there a way to get out of it? I signed with an online only agent who i thought would be the best BUT they were super quick getting me to sign the online contract. Maybe at that point I should have realised! It's a 20 week contract ending in October, they have really only done enough to put our property online, I even supplied them with some photo's They are truly blinkered in thinking all i need is an online presence, I happen to be in a rural area where maybe i should have realised that people do go into agency shops. I have not had any views at all and do blame the agency policy that they only send people who are ready to buy to view. I presume your answer will be i have to go with the sole agency and give notice. Can i set up with a local agency so that they are ready on the day of sole agency expiry? or would this breach the sole agency rights?

Asked on Aug 15 2014, Selling in Cumbria | Report content

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  • Hi. I am in a similar position to you as I unfortunately signed a 16 week sole agency contract. I've been into another estate agents today who have told me its ok to go with another agent as long as you don't exchange contracts within the 16 week period 9or 20 week contract in your case) Obviously you would need to check this out too but does look like there is a way around it. Hope this helps and good luck.

    Answered on Aug 18 2014, Report content
  • Hi. I am in a similar position to you as I unfortunately signed a 16 week sole agency contract. I've been into another estate agents today who have told me its ok to go with another agent as long as you don't exchange contracts within the 16 week period (or 20 week contract in your case) Obviously you would need to check this out too but does look like there is a way around it. Hope this helps and good luck.

    Answered on Aug 18 2014, Report content
  • I must disagree with Ellikat and the advice they have been given. It is extremely unlikely that a sole agency agreement will be worded to trigger a penalty only if contracts are exchanged within the term of the agreement. They are most often worded that any introduction by an alternative agent will result in the agent's fee being paid and this will often be a higher, multi agency fee. Try reasoning with your current agent to let you out of your contract. Not all agents use sole agency tie ins. My firm (emoov.co.uk) does not.

    Web reference: http://www.emoov.co.uk

    Answered on Aug 20 2014, Report content

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