Step 2 List your property for sale and advertise

Once a selling price agreed upon and set, you will need to request that the property be put on sale and to make a binding mediation agreement with an agent(s) who will act as an intermediary to sell your property.

Types of mediation contracts

There are three types of mediation contracts: "non-exclusive agency listing", "exclusive agency listing", and "completely exclusive agency listing".

  Listing agent / Effective period Selling to a buyer whom the seller finds on his own Registration of the property to *REINS Reporting client responses
Non-Exclusive Multiple agents /
3 months
Acceptable Optional Not required
Exclusive 1 agent only /
3 months
Acceptable Register within 7 days of signing the mediation contract At least once every 2 weeks
Completely Exclusive 1 agent only /
3 months
Not acceptable Register within 5 days of signing the mediation contract More than once a week

* REINS: Real Estate Information Network System designated by MLIT (Ministry of Land, Infrastructure, Transport and Tourism).

Advantages and disadvantages of each mediation contract

  Advantages Disadvantages
Non-Exclusive
  • Property is widely advertised allowing the seller to request multiple agents to sell the property.
  • Since it is not required to register with REINS, the seller can put the property up for sale without advertising.
    (The neighbors will not be aware.)
  • The seller can sell the property to a buyer that he/she finds on their own.
  • The reporting of the inquires to the owner about the property is not required.
  • Agents tend not to actively advertise since the chance of closing a contract is lower in comparison to an exclusive property.
Exclusive
  • The requested agent actively advertises the property.
  • The seller can sell the property to a buyer whom he/she finds on their own.
  • The reporting of the inquires to the owner about the property is less frequent than a completely exclusive contract.
  • Higher dependency on the agent
Completely Exclusive
  • The requested agent actively advertises the property.
  • The seller cannot sell the property to a prospective buyer whom he/she finds on their own.
  • Higher dependency on the agent

Please feel free to contact us


PLAZA HOMES
Sales & Purchase Div.

Mon-Sat 9:00am-7:00pm
Sun & Holidays 9:00am-6:00pm(JST)

03-3588-0131