UK
Joint sole agency
Joint sole agency means two firms are instructed together, usually sharing one fee if either introduces the buyer. It is not the same as multiple agency, where each firm can charge its own fee.
Also called Joint agency.
Why vendors choose it
A vendor may want two firms’ applicants without paying two full fees. The agreement should say how the fee is split and which firm holds the keys, the board and the portal feed. Two firms uploading two different prices is a common mess. Agree the price and the description before either publishes.
Handover between the firms
Viewing feedback and offers need a single note the vendor can read. Decide who tells the vendor, so they do not get two contradictory calls.
Questions
What does Joint sole agency mean?
Joint sole agency means two firms are instructed together, usually sharing one fee if either introduces the buyer. It is not the same as multiple agency, where each firm can charge its own fee.
General information for agency staff, not legal advice. Rules and local practice change. Check the official source before you rely on a definition in a client letter.