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Best Practice tips for Sellers : in Dubai - UAE
Date: 04-09-2008

OBTAIN 3 APPRASIALS (CMA’S) AND COMPARE AGENTS, interview them as they will be doing a job for you.
List with a reputable, RERA registered Broker ONLY.
Form a formal service agreement – FORM A – Appointing the Agent/Broker (the Listing Agent) only on the RERA prescribed form. Do not list with any other agent.
Ask for Seller Support, the Agent should provide a Seller with the opportunity to seek a legal opinion before they sign a contract of sale. Ask for a list of Lawyers and make your own choice, do not use the Lawyer recommended by the Agent.
Ensure you and your Agent / Broker both have exchanged contact details and agree upon communication times and modes from the beginning of the relationship and Appointment.
Your Listing Agent should protect your interest at ALL times, therefore, you should seek a guarantee in writing from the your Listing Agent, that they will NOT favor the other side of the transaction (the Buyer) nor receive any financial or in-kind/gift for the sale service without your consent OR no commission fee shall apply. OBTAIN THIS IN WRITING FROM THE AGENT before you commit to the Agent.
Your Agent should provide you within 24 hours of contact, a list of comparable properties which can aid you in recent trends, the current sale prices, the asking prices and time frame taken to sell a similar property to yours. This is called a CMA (Comparative Market Analysis) which is an essential ‘Best Practice’ procedure of a RERA Registered Broker & professional agent before they provide you with the recommended Listing Price of your property.
ONLY list with a maximum of 3 Agents and give them the SAME instructions. If you find a GOOD Agent do use them exclusively they will control the process in your BEST INTEREST to the BEST result for you.
Ensure your original documents for you yourself and your property are ready, have a copy sent to your Agent and you are ready / prepare your self so that at a moments notice to read, examine, discuss any matters with your Agent and if you are happy, then sign a contract.

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