A broker is entitled to their fees once a contract is concluded, which usually means the sale contract is signed and registered. However, if the sale contract is made conditional upon a specific event, the broker is only entitled to their fees once…
A broker is entitled to their fees once a contract is concluded, which usually means the sale contract is signed and registered. However, if the sale contract is made conditional upon a specific event, the broker is only entitled to their fees once that condition is fulfilled. If a deal fails because of the broker�s fraud or gross negligence, they forfeit their commission. Otherwise, their right to fees is generally protected if they have fulfilled their brokerage duties.
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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