Brokers wishing to market off-plan projects must conclude a formal agreement with the developer and register it with the DLD. The broker is strictly forbidden from depositing any part of the unit's sale price into their own account. Instead, all fun…
Brokers wishing to market off-plan projects must conclude a formal agreement with the developer and register it with the DLD. The broker is strictly forbidden from depositing any part of the unit's sale price into their own account. Instead, all funds must be deposited directly into the project's Escrow Account. Brokers are also prohibited from deducting their commission from the sale price before the funds are secured in the project account.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
Ali Faizan Syed’s knowledge centre
Ask Ali about this question · Explore published properties · Browse all questions