Economy | 10 Mar 26, 00:00
If you are preparing to sell your property, you will likely spend time choosing which estate agent to instruct. You will compare marketing plans, commission rates, and promises about buyers ready and waiting.
What you probably will not hear much about at the outset is something called sub-agency.
That’s because sub-agency is almost never part of the plan at the beginning.
In fact, many vendors only discover it exists after their property has been sitting on the market for some time without selling - and by then, the conversation has already shifted.
If an agent ever raises the idea of sub-agency with you, it should set alarm bells ringing. In many cases, it is a signal that the agent you originally trusted to sell your property is now relying on others to do the job for them.
And as a vendor, that should make you pause.
Sub-agency occurs when the estate agent you instructed allows other agents to introduce buyers to your property. If one of those agents finds the purchaser, the commission is split between the firms.
At first glance, this might sound like cooperation. Your agent may even present it as “opening the property up to more buyers.”
But that explanation ignores a crucial question:
If your agent now needs other agents to sell your property, why were they instructed in the first place?
When an agent first wins an instruction, the message is always the same. They present themselves as confident, capable, and ready to sell the property through their own marketing and buyer network.
Sub-agency does not appear in those early conversations.
Instead, it tends to surface later in the instruction, usually after weeks or months on the market without a sale. At that point, the agent may suggest allowing other agencies to introduce buyers.
To a vendor who simply wants progress, this can sound like a sensible step.
But in reality, it often serves a very different purpose.
Rather than stepping aside and allowing the vendor to appoint a stronger agent, the original agent keeps hold of the instruction while bringing in others to try and find the buyer.
They retain control of the listing - and they still receive part of the commission.
The moment sub-agency enters the picture, the incentives change dramatically.
The second agent who actually sells the property, typically earns only half of the commission. That means the financial reward for their effort is reduced compared with their own clients' properyies.
Naturally, agents prioritise properties where they earn the full fee.
Your property becomes something they might show if convenient, but rarely something they push hard.
Meanwhile, the original agent still receives part of the commission even if another firm does the work.
The result is a strange and ineffective structure:
The original agent is getting paid for doing nothing.
The sub-agent is only partially motivated because they earn less.
In other words, two agents involved, but neither fully committed to the outcome.
One of the most common arguments used to justify sub-agency is that multiple agents create more exposure.
That idea might have had some truth years ago, but in today’s market it simply doesn’t hold up.
In Gibraltar, every property appears on PropertyGibraltar.com, the central portal where buyers begin their search. Whether a property is listed by one agent or several, buyers are still seeing the same property in the same place.
So what real value is created by multiple agents listing the same home?
Very little.
If anything, duplicate listings can actually damage the presentation. Buyers scrolling through listings may see the same property repeated by different agencies, sometimes with inconsistent descriptions, different photos, or varying levels of detail.
Rather than making the property look popular, it can make it look over-circulated and stale.
And perception matters in property marketing.
If your property has been on the market for some time and your agent suggests sub-agency, the more important question is not whether other agents should get involved.
The real question is this:
Why is the current agent still holding the instruction if they can’t sell it themselves?
At that stage, vendors are often better off taking a different approach entirely.
Removing the property from the market and relaunching it with a new agent can give it a fresh start. New marketing, new presentation, and a new strategy can completely change how buyers perceive the property.
Most importantly, the new agent will have a strong incentive to prove themselves.
The most effective property sales usually happen when one agent takes full responsibility for the result.
That agent knows the success of the sale reflects directly on their reputation and future business. They are accountable for the marketing, the viewings, the feedback, and the negotiations.
There is no passing the responsibility elsewhere.
This clarity benefits everyone involved. Buyers know exactly who to speak to, communication is simpler, and the agent has every reason to push hard for the best possible outcome.
Selling property is not about how many agents are involved.
It is about how motivated the agent is to deliver a result.
Strong photography, accurate pricing, proactive buyer engagement, and careful negotiation all matter far more than simply placing the same listing in multiple shop windows.
A focused agent who knows they are responsible for the outcome will always outperform a loose network of agents sharing half-hearted incentives.
For most vendors, the idea of sub-agency only appears when something hasn’t worked.
And if it is ever presented as the solution, it is worth thinking carefully about whose problem it is really solving.
Often, it is simply a way for an ineffective agent to keep hold of the instruction while hoping someone else finds the buyer.
As a vendor, you deserve better than that.
You deserve an agent who is confident enough to take full responsibility for selling your property - and motivated enough to see it through from start to finish.
Because in today’s market, success does not come from more agents.
It comes from the right agent doing the job properly.