A broker must faithfully present the details of a deal even if they are engaged by only one party. However, if a broker is engaged by both parties, each party is generally liable to pay their own share of the fees. This applies even if there is an a…
A broker must faithfully present the details of a deal even if they are engaged by only one party. However, if a broker is engaged by both parties, each party is generally liable to pay their own share of the fees. This applies even if there is an agreement that one party will pay the full fees. Crucially, the broker is responsible for any fraud or fault committed during the process and must always act as a trustee of any items delivered for safekeeping.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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