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When selling a home, a lot of us will use a real estate agency. When you do, youll likely sign an agency agreement: a legally binding contract between you, the seller and the agency. Remember, theres a lot to agency agreements and were just covering off a few of the key points in this video. There are some things in an agency agreement that can be negotiated. These include: the time frame the agreement covers, how much commission youll have to pay, any expenses youll have to pay and how the agreement ends. The agency agreement will also state whether its a sole agency or general agency agreement. A general agency agreement means more than one agency has the right to market and sell your property, whereas a sole agency agreement gives one agency exclusive rights to market and sell your property. Your agent should give you a copy of the agreement within 48 hours of you signing it. With a sole agency agreement, if you change your mind, you can cancel the agreement by 5pm on the firs
