Exclusive vs open mandate: Which to choose?
Understand the differences between exclusive and open mandates to choose the best option for your property sale.
When selling your property, you must choose between an exclusive mandate and an open mandate. Each option has its advantages and disadvantages.
Open mandate
With an open mandate, you can entrust the sale to multiple agencies simultaneously or sell yourself.
Advantages
- Freedom to multiply sales channels
- Possibility to sell directly without commission
Disadvantages
- Less agency investment
- Risk of different prices displayed
- Confusion for potential buyers
Exclusive mandate
With an exclusive mandate, you entrust the sale to a single agency for a determined period.
Advantages
- Highly invested agency
- Better property visibility
- Single point of contact
- Consistent price
Disadvantages
- Commitment for a duration
- Dependence on chosen agency quality
Our recommendation
In Luxembourg, the exclusive mandate is generally more effective, provided you choose your agency well. With Sellect.lu, first compare proposals from multiple agencies.
By Sellect.lu
Sellect.lu is the leading platform for comparing real estate agencies in Luxembourg. Our team of experts analyzes the Luxembourg real estate market to provide you with reliable and up-to-date advice.
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