Mandate Sharing: A System Established in the United States Expanding Internationally
Mandate sharing, a concept well-established in the United States, is gradually expanding into other real estate markets worldwide. This collaborative system, often referred to as the “Multiple Listing Service” (MLS), allows real estate agents to pool their mandates to facilitate sales, increase property visibility, and optimize client satisfaction.
What is Mandate Sharing?
Under the MLS framework, real estate agencies have access to a shared database where available properties are listed and can be viewed and proposed by all agents within the network. In other words, if an agent has a mandate to sell a property, that mandate can be shared, allowing other agents to offer it to their clients as well. Profits are then shared among the agents involved, ensuring greater efficiency for professionals and a broader selection for buyers.
Advantages of the Mandate Sharing System
Faster Sales: Mandate sharing allows properties to be sold more quickly, thanks to wider distribution within the network. Agents have access to a broader portfolio, increasing the chances of reaching potential buyers in record time.
Optimized Property Visibility: The MLS system provides agents with better market visibility, allowing them to present properties that would otherwise remain confined to a closed network.
Increased Customer Satisfaction: Clients benefit from a wider selection and easier access to properties, often with higher responsiveness. The end customer wins as the purchasing process is simplified and accelerated while offering better access to available properties.
The Gradual Deployment of Mandate Sharing
Although this concept has been widely implemented in the United States for decades, its adoption in other regions is progressing slowly. In Europe, more and more agencies are beginning to integrate this collaborative approach, recognizing the benefits it brings not only in terms of financial results but also in terms of flexibility and customer satisfaction. In Belgium, for example, some real estate platforms are starting to offer this type of service to real estate agents, thereby contributing to the growth of this collaborative model.
Urbiz and Mandate Sharing: An Innovative Opportunity
Similar to American MLS platforms, Urbiz offers agents a mandate-sharing system that allows them to access a database of developers’ properties. This approach provides them with the opportunity to offer new properties while maintaining transparency and efficiency that meet the expectations of today’s market. Urbiz helps agencies remain competitive while adapting to the needs of modern buyers who want to find their ideal property quickly and conveniently.
In conclusion, mandate sharing is not just a trend but an expanding model internationally, promising to transform the real estate sector by fostering collaboration, efficiency, and customer satisfaction.