There are many scenarios in which a real estate agent might have an obligation to sell a particular property. However, because of prior commitments, they might not be able to do so. This is when they appoint another fellow agent to take this responsibility. These two agents are then known as agents in conjunction. In simpler terms, it is basically the transfer of responsibilities of a particular client’s property from one agent to another. However, there are several other intricate factors about how the arrangement works between the two.
Agents in conjunction can be defined in a few ways that make it easy for any layman to understand what it actually means.
i. Agents in conjunction are when two real estate agents come to a conjunction agreement, in which one of them lends over the rights to sell a property, which was previously their responsibility.
ii. Agents in conjunction can be defined as the two real estates who sign a conjunction agreement which transfers the responsibility of selling a property that was previously another’s to the other.
There are a number of ways agents in conjunction can help both the agents and the seller in this industry. Here mentioned are some of the more important ones.
1. Even though the conjunction agreement transfers the obligation of selling a property to the other agent in contract, they sometimes can work together. This means that agents inconjunction are better prepared to sell a property as there are two minds working on one project. This is also beneficial for the seller as they can get more options when it comes to selling the property.
2. When it comes to real estate, there are localities that one agent will be an expert in, and the other might lack. In such situations, one agent can sign a conjunction agreement, transferring all responsibility to the more knowledgeable agent here. This also heightens the chances of the property being sold at a fair price.
3. With agents inconjunction, as a seller, you are in a much more profitable situation. Although the earnings have to be distributed between both the agents as per their commission, you will instantly double your chances of selling the house quick. So if you are looking to make a quick profit and let the property go, hiring agents in conjunction is the best possible solution for you.
