Let Your Own Home | Zebra Homes

Letting Agency Agreements

Zebra Homes is an online property forum, which does not carry out letting agency functions as defined by the Office of Fair Trading.

This means that by advertising your property for sale on Zebra’s site, you will not be acting in contravention of any existing sole of joint agency agreements you may have with an Letting Agent.

However, there are some agreements which require further thought, and you should check which type of contract you have and read below for more information on the effects of these agreements:

Sole Agency — This agreement does not prevent you from letting your property yourself, either on-line with Zebra or by placing your own local adverts. If you are in this type of agreement and find a buyer online with Zebra, provided that buyer has not already been introduced to you by the agency, you will not have to pay any letting agents commission.

Joint-agency/Multi-agency — This type of agreement works the same as the above, but is relevant only if you are employing two or more letting agents to sell your property.

Sole Selling — This is an uncommon form of agreement as it is quite weighted in favour of the letting agent. Unfortunately, unless you get the letting agent to insert a clause (see Steps to take to avoid problems), the letting will be entitled to a fee, regardless of whomever you sell the property via.

Ready, Willing & Able Buyer — Again, this is a rarely seen agreement, but means that if the letting agent you have appointed finds a buyer who is ready, willing and able to buy your property and is able to exchange unconditional contracts then you have to pay the letting agents commission even if you decide not to sell.

The above should only be taken as a guide. For further information please refer to the office of fair trading website www.oft.gov.uk

Steps to take to avoid problems

• If you are not already in an agreement with an letting agent, but wish to enter into one and use Zebra Homes to sell your home yourself, let the letting agent know your intention, and request that a clause be entered into the agreement to state that you, the client, always reserves the right to sell the property privately.
• If you are already in an agreement and are concerned that due to the type of agreement, the letting agent may be able to charge commission, then negotiate with the letting agent to amend the terms of the agreement as above. Remember, you are in a strong position, as you always retain the right to cancel any type of agreement.

Points of reference

The Office of Fair Trading oversees much of what falls under the scope of letting agents, and provides a good reference point.

Also, WHICH? the consumer group hold information on their site relating to their efforts to make letting agents contracts clearer, and to clean up certain selling practice.