Unless the Brokerage Agreement explicitly states otherwise, a broker is not entitled to any compensation or reimbursement if their negotiations fail to lead to a contract. This means the broker usually bears their own costs and expenses incurred dur…
Unless the Brokerage Agreement explicitly states otherwise, a broker is not entitled to any compensation or reimbursement if their negotiations fail to lead to a contract. This means the broker usually bears their own costs and expenses incurred during the process. This rule aligns the broker�s interests with the client�s, as the broker only receives financial reward when they successfully conclude a transaction that meets the conditions of the brokerage agreement.
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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