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Understanding The Real Estate Mandate Terminology by obidevine(m): 11:38pm On Aug 04, 2017 |
A lot of real estate agents wrongly claim to be " the mandate ". The right way to use the term is to say " I have the mandate to sell XYZ property " The mandate of sale The mandate of sale is a contract whereby the customer assigns the real estate agent, (with commission) to search for a buyer for the property he wants to sell: the real estate agent cannot intervene in a transaction if he does not hold this document which authorizes him to conduct all business activities such as displays, advertising, visits etc ... As part of its mandate, the real estate agent must implement all the means at their disposal to carry out its mission and satisfy both the seller and buyer. The mandate should include several key phrases: • the names and addresses of the concerned parties, • the description of the property for sale, • the amount of the commission due to the realtor, • the party responsible for the payment of the commission, (buyer or seller) • the period for which the mandate is granted Understanding the Estate Agent mandate A mandate is an agreement between a Seller and the Estate Agent(s) regarding the marketing of a property, the agreement duration and obligations for both parties. There are three common types of mandates: 1).. Sole mandate A sole mandate is when one Estate Agent has exclusive rights to sell your house within a specific period of time 2).. Multi-listing mandate A multi-listing mandate is when Agents from different agencies have the right to sell your property. After a sale, the Agent’s commission is split between all listing agencies involved. 3).. Open / dual mandate An open mandate means that the property is on the books of more than one Estate Agent, and each Agency has the right to sell the property, without being required to share the commission. Cc: lalasticlala, Mynd44, obinoscopy, fynestboi 3 Likes 2 Shares |
Re: Understanding The Real Estate Mandate Terminology by KendrickAyomide: 7:07am On Aug 05, 2017 |
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Re: Understanding The Real Estate Mandate Terminology by Nobody: 7:07am On Aug 05, 2017 |
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Re: Understanding The Real Estate Mandate Terminology by AceRoyal: 7:09am On Aug 05, 2017 |
Do you need large acres for agricultural or industrial purposes in Edo or Delta state? Lands are scattered across various local government areas in Edo State in various quantity to suit your industrial or agricultural needs. Serious and interested persons would meet with the elders and youths of the community. *100% security guaranteed. *No hassles or OMONILE problems. *Very viable and fertile soil suitable for a wide variety of crops. *Amiable and very hospitable communities. *Easily accessible. *Availability of good underground water. *Availability of labor and workforce. For enquiries and inspection, please call 07053331484. Price-#150,000-#600,000/acre depending on location,proximity and accessibility. Note-Purchase of over 50acres would attract 5% discounts. P.S- Also available are houses and lands for residential purpose in Benin city,EDO State. Also Available: 638 Hectares Of Land For Sale In Delta State. Location: Along Benin-Asaba Express way(7min drive from Asaba). Title: All documents are available and original copies ( CofO, survey plan, deed of conveyance). Price: #1.5M per acre. 1 Like |
Re: Understanding The Real Estate Mandate Terminology by etcme(m): 7:12am On Aug 05, 2017 |
Sole mandate can be so demanding most times |
Re: Understanding The Real Estate Mandate Terminology by planetx13: 7:17am On Aug 05, 2017 |
ok |
Re: Understanding The Real Estate Mandate Terminology by obidevine(m): 7:19am On Aug 05, 2017 |
1 Like |
Re: Understanding The Real Estate Mandate Terminology by money121(m): 7:24am On Aug 05, 2017 |
Ok |
Re: Understanding The Real Estate Mandate Terminology by Nobody: 7:34am On Aug 05, 2017 |
interesting.. A beautiful set of duplexes, fully fitted and finished with top quality exterior and interior designs, in mini serviced estate is up for sale. FACILITIES: Fitted Modern Kitchen Industrial central water treatment plant 3car park for each apartment Modern Brick wall finishing Marble floor in sitting room and corridors Italian tiles in other rooms Quality sanitary wears CCTV and DSTV Connection ready Electrical fittings ready Good paved road with drainage Dining Area in sitting room Exclusive compound to yourself Children play Area Family lounge Street light LOCATION: Located in a very good spot on serene serviced and secured Estate just 2 minutes drive close to the Circle Shoprite at Osapa London Lekki way before chevron, Lekki. TITLE: Governor's Consent PRICE: 20units of luxury 4 bedroom Semi-detached duplex + BQ = #55m 15units of 5 bedroom fully detached duplex + BQ = #65m 12units of 2 bedroom Super Finished Apartment = #28m (net) Call/WhatsApp: 08138718647; 08075256644 info@naijapropertiesonline.com www.naijapropertiesonline.com 1 Share
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Re: Understanding The Real Estate Mandate Terminology by Olulinks(m): 7:41am On Aug 05, 2017 |
etcme:Tag a moderate price on the product and it will sell fast, since you ain't sharing percentage with other agents, unlike the multi-listing mandate. |
Re: Understanding The Real Estate Mandate Terminology by ZombieTAMER: 7:42am On Aug 05, 2017 |
Have two bedroom flats for rent at igbo efon lekki.... Duplexes for sale also.... Hit me up immediately |
Re: Understanding The Real Estate Mandate Terminology by money121(m): 7:46am On Aug 05, 2017 |
Quotation for Shingles Design (Black with white patches) Security House Roofing 37sqm*3,100=114,700 ridges caps 18m*1700=30,600 Nails 1pkt(5kg)*8,000=8,000 Sealant 1sets *5,000=5,000 Installation 37*200=7,400 Transportation=6,000 Grand Total=171,700 Site Location: Ikorodu Lagos For your next Roofing Project.. Call/WhatsApp 08085310359
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Re: Understanding The Real Estate Mandate Terminology by obidevine(m): 9:18am On Aug 05, 2017 |
Real Estate Assets for sale in various locations ( 14 different locations) : All closeable with ease. 1)....Land for sale: Location - Plot D517, Royal Gardens Estate, Ajah, Lagos Land size - #811sqm Price : #60m (negotiable) Title - Deed Of Sub-Lease, Global C of O. 2).....Land for #sale measuring #670sqm within a fully developed area Location - ORAL ESTATE immediately after Chevron roundabout directly opposite Eleganza *before Ikota Villa estate* beside Oando filling station @ Lekki - Epe Expressway. Title: Governor's Consent . . Price - #N48M ( negotiable) 3).... Land for sale Land size - #609sqm Location - Ikota Villa estate , beside Lekki County Estate and Mega Chicken Restaurant, Lekki-Ajah Expressway, Lagos. Title - Registered Deed of Assignment. Price - #35m ( negotiable) 4)... Dry Land ( no sand-filling needed, piling has already been done ) Land size - #1125sqm Location - Blk 42, Abijo GRA , Lekki-Epe Expressway, Lagos Title - C of O, Letter of Confirmation Price - N16.5m. (slightly negotiable) 5)... Land for sale: Location - Blk A zone. Olomu Crescent , Royal Gardens Estate, Ajah, Lagos Land size - #750sqm ( corner-piece) Price : #70m (negotiable) Title - Deed Of Sub-Lease, Global C of O., Governor's Consent 6).... Land for sale Fenced and gated land size - #1300sqm ( 2 plots) Title - Gazette, Registered Deed of Assignment and Survey Location - Olumide Madariola Drive, Seaside Estate, Badore Road, Ajah. Price - #25m ( negotiable) , 1 ( one) plot can be sold at #12m 7)... Land for sale!!! Location - Block 45, plot 1107 Abijo GRA . Land size - #1637sqm Fenced, with a state of the art security house and gate. Title: C of O Price - #23m (negotiable) .. Fenced Land for sale Location - " Lekki right ", off Lekki - Ajah Expressway, off new market road ,off T.F Kuboye road, Oniru. Land size - #1127sqm Title - Lagos State C of O. Price - 160m (negotiable) 9)...Land for sale Land size - #1100Sqm Location - Plot 2A, Temple road, Ikoyi, Lagos. Title - Federal C of O ( Lagos State Regularization / Ratification has been done) Price - #375m ( slightly negotiable ) 10)... For sale Land size - #3200 sqm (5 plots) with a 5 bedroom detached house and 2 separate 3 bedroom bungalows (can be brought down or renovated) Location - Cameron road, Ikoyi Title - Federal C of O Price - 1.250 billion naira only. (Slightly negotiable ) 11).... House for sale : 7 Bedroom Corner-Piece Duplex for SALE Superbly finished and Furnished 7 bedroom duplex with 4 room BQ (built in 2010) Features - Borehole, Water treatment plant, Ample parking space, all rooms ensuite with quality and modern toilet fittings. Property comes with a 60kva generator. Land size - #1596sqm ( 2 and half plots): Location - Atlantic View Estate, Alfa Beach Road, Off Lekki-Ajah Expressway, Lagos Sale Price - #160m (negotiable) Title: Governor's Consent 12)... Direct brief Bungalow For sale 3 bedroom bungalow ( bungalow can be renovated or totally demolished ) Land size - #487sqm ( corner-piece) Location - Marshyhill Estate , A-kins Bus - stop, Ado Road, Ajah. Title - Registered Deed of Assignment and Registered Survey Price - #16m (negotiable) 13).. For sale : Residential Dry Land ( Partly fenced) Location - Atlantic Nominees Estate, Ajiwe , Lekki-Ajah Expressway, by General paints, Alasia, before Lagos Business School after Abraham Adesanya Estate, Ajah. The property is just between Abraham Adesanya Estate And Lagos Business School. Land size - #1429.104sqm ( 2 plots) Title - Global Certificate of Occupancy and Deed Of assignment Price - N27m ( slightly negotiable) 14)... Dealing with the agent with the mandate to sell : For sale : Waterfront property Land size - 1800sqm ( waterfront land ) Title - Federal C of O Existing structure description - 4 bedroom detached house with 2 room bq and 3 room guesthouse, and an existing drive way Location - Off Awolowo Road, South West Ikoyi. Price - N500m (net) Contact details : Facebook - @loocentservices Email - loocentservices1@gmail.com. Phone : (08066696890) : (09095116161) 1 Like
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Re: Understanding The Real Estate Mandate Terminology by obidevine(m): 9:23am On Aug 05, 2017 |
PropertiesNaija: This looks like Southlake homes by CDV in Ologolo , Lekki |
Re: Understanding The Real Estate Mandate Terminology by Nobody: 10:10am On Aug 05, 2017 |
I am into real estate. We sell lands in Lagos, Warri, Owerri and OTA. |
Re: Understanding The Real Estate Mandate Terminology by VALOBOY(m): 10:38am On Aug 05, 2017 |
Interesting |
Re: Understanding The Real Estate Mandate Terminology by hibee4uall(m): 10:41am On Aug 05, 2017 |
Nice info... Good people of nairaland, pls help a brother to pay his law school fees.No amount is small,you can kindly contact him on 08184941410 for more enquiries and verification, include meeting him personally . THANKS & GOD BLESS YOU A big thanks to you people that feel concerned. May God continue to bless you and elevate you in all your endeavors. |
Re: Understanding The Real Estate Mandate Terminology by logadims: 10:48am On Aug 05, 2017 |
nice |
Re: Understanding The Real Estate Mandate Terminology by obidevine(m): 1:50pm On Aug 05, 2017 |
Let's keep the thread going people. |
Re: Understanding The Real Estate Mandate Terminology by obidevine(m): 1:57pm On Aug 05, 2017 |
Definition of Deed Of Assignment Deed of assignment is the transactional document drawn up by a real estate attorney between the current title holder for a particular property and the new buyer. The deed of assignment document essentially says that the previous owner has transferred his title on the said property to the new owner for financial benefit (or at a price), which the new owner has paid in full and therefore all his interests (and that of his heirs and assigns) in the aforementioned property ceases from the date the contract was signed. For example, if a property has a certificate of occupancy from the Lagos state government, it means that the government recognizes the person whose name appears on the title document as the bona fide owner of the said property. When the title holder sells the property to Mr. XYZ, the real estate attorney prepares a deed of assignment that specifically states the seller has transferred his title to Mr XYZ. The deed of assignment is usually signed on the date the buyer pays for the property and it is one of the documents required by the state government when the new owner goes to the government to perfect his title. Note that the deed of assignment document is not the only document indicating transfer of owner. The following documents are usually involved when you purchase a property. 1. The purchase receipt 2. The contract of sale and 3. The deed of assignment The seller signs all three documents above when you complete he transaction. Thereafter he hands over the following documents to the buyer: 1. The house plan 2. The title documents (c of o or registered conveyance document) 3. The purchase receipt he received from the original owners who sold to him 4. The survey plan . . . and any other applicable document. |
Re: Understanding The Real Estate Mandate Terminology by obidevine(m): 9:44pm On Aug 06, 2017 |
Definition of Deed of sublease A deed of sublease could refer to a document by which a tenant or lessee sublets a part or all of leased premises to another person. The right of a tenant or lessee to sublet largely depends upon the terms of the original lease. If the lease is silent regarding the rights of the lessee or tenant to sublease, it is generally accepted that the tenant or lessee may sublease. However, if the terms of the original lease state that the premises may not be sublet then it cannot be. |
Re: Understanding The Real Estate Mandate Terminology by obidevine(m): 3:04pm On Aug 07, 2017 |
One of the largest land owning families in Lagos, The Ojomu Chieftaincy Family, has formally informed the general public that any development or other levies, charged by the so called omo-oniles, is not sanctioned by it. “We further give notice that the Ojomu Chieftaincy Family has not instructed or authorised any of its members or agents to collect foundation, decking, roofing or any other form of developmental levy from any member of the public that brought land from the Ojomu Chieftaincy Family or any of its successors-in-title.” The family has advised any purchaser of land within any of its domains to contact Olisabim Group of Companies, Land Administrators Office, Ikota Bridge, Lagos Epe Expressway, Lekki, to assist inverification of their titles, if required. Land owned by the Ojomu Chieftaincy Family: 1. Ajiran Village 2. Agungi Araromi Village 3. Igbo Efon Village 4. Olugborogan Village 5. Idado Village 6. Okun Alfa/Okun Ibeju Village 7. Ikota Village 8. Lafiaji Oju-Egun 9. Ikota Village Estate 10. Okun Lafiaji Village 11. Osapa Village 12. Aiyetoro (West) Village 13. Onigbongbo Village 14. Sapata Village 15. Baruwa Village 16. Iberekodo Onife Village 17. Poroku Village 18. Aiyedere Village |
Re: Understanding The Real Estate Mandate Terminology by kevindd: 1:35pm On Aug 10, 2017 |
Thank you for the article here a lot! It is a really helpful thread here. I can also share the article from https://www.glamourapartments.com/services-for-sellers/ It covers some subjects on real estate and may come in handy for beginners. There are also some other cool and interesting articles there which you may like |
Re: Understanding The Real Estate Mandate Terminology by obidevine(m): 1:55pm On Aug 10, 2017 |
For sale : Residential Dry Land ( Partly fenced) Location - Atlantic Nominees Estate, Ajiwe , Lekki-Ajah Expressway, by General paints, Alasia, before Lagos Business School after Abraham Adesanya Estate, Ajah. The property is just between Abraham Adesanya Estate And Lagos Business School. Land size - #1429.104sqm ( 2 plots) Title - Registered Survey, Global Certificate of Occupancy and Deed Of assignment Price - N27m ( slightly negotiable) For Inspection, Contact : Facebook - @loocentservices Email - loocentservices1@gmail.com. Phone : 08066696890, 09095116161
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Re: Understanding The Real Estate Mandate Terminology by obidevine(m): 11:54am On Aug 26, 2017 |
Corner-piece Residential Land for sale : Location - Plot D517, Royal Gardens Estate, Ajah, Lagos ( just beside the new Ajah bridge ) Land size - #811sqm ( Corner-Piece, no sand-filling needed) Price : #65m (negotiable) Title - Deed Of Sub-Lease, Global C of O. Contact details below : Facebook - @loocentservices Email - loocentservices1@gmail.com. Phone : 08066696890, 09095116161 |
Re: Understanding The Real Estate Mandate Terminology by RyanCarron: 10:10am On Dec 14, 2021 |
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Re: Understanding The Real Estate Mandate Terminology by Xenisha: 4:21pm On May 16, 2022 |
Need your help |
Re: Understanding The Real Estate Mandate Terminology by Xenisha: 1:54pm On Aug 26, 2022 |
I have found properties with porto portugal real estate here https://mlsworldwide.com/sale-portugal-porto-district-porto for a good price and yes when financing I had to put a down payment. But, after closing, I was able to refinance and put money in my pocket. Now, you must count all the closing cost for both mortgages, so you will not put as much cash in your pocket as it seems, but you certainly will have the property for no money down, and probably some to pocket. |
Very important Estate Management Topics we should know / With N2.6m Own A Plot Of Land With Gov’s Consent At Bogije Lekki / Amazing Building Plans And Drafting In Nigeria
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