Task 3: Agency law

Agency law: Part 1

Joe and Paul are very pleased with the service you’ve provided them and are now preparing to list their home for sale. During a visit to their home, you realise that this will be their first property sale.

They say they’re confused about whether to have a sole or general agency, and don’t really understand how agency law works in practice. You offer to help them by preparing a set of notes that explain the main points.

Prepare brief notes on each of the following.

(a) If Joe and Paul list their property, will it be with you personally or Waterford Real Estate Ltd? Give a reason for your answer.

(b) Briefly explain the main differences between sole agency, general agency and joint agency.