Article (28) states that a broker is only entitled to fees if the brokerage leads to the conclusion of a contract. A contract is deemed concluded when all parties agree on the conditions in the Brokerage Agreement. Generally, fees are payable upon s…
Article (28) states that a broker is only entitled to fees if the brokerage leads to the conclusion of a contract. A contract is deemed concluded when all parties agree on the conditions in the Brokerage Agreement. Generally, fees are payable upon signing and registering the sale contract with the DLD. If the contract is conditional, Article (28) clarifies that the broker must wait until the condition is fulfilled before they can claim their commission.
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