What is meant by a "sole mandate"?
In German brokerage law, a broker's sole commission is a contract that defines an exclusive contractual relationship between a broker and the client. In the case of a sole commission, the client binds himself to a single broker who, in return, is obliged to provide a service.
A distinction is made between the "simple" and the "qualified sole mandate", in which, in addition to the exclusion of third party brokers, a private sale of the property by the owner is also excluded. Furthermore, the offer conditions, for example the offer price and commissions, are usually regulated in the sole mandate.
