commission

I17. Agent’s Commission

An Explanation of the “Effective Cause” Commissions Due in Terms of a Contract Estate agents need to know precisely what they have to do to secure their commission in a sale as disputes often arise after a sale is concluded or, commonly, where Seller has deliberately or innocently avoided their agents when finalising sales with prospective Buyers. The law at this point has been defined...

Q. The Estate Agent

Definition of an estate agent An estate agent is defined as someone (a person or a firm) who: Buys or sells, lets or hires, or publicly exhibits. immovable property or, a business undertaking (commercial or industrial). Negotiates or facilitates any of the above. Canvasses or offers to canvass a seller or purchaser or a landlord or tenant. Collects monies payable on account of a...

R7. Remuneration

8. Remuneration No estate agent shall – Code: 8.1       stipulate for, demand, or receive directly or indirectly any remuneration, commission, benefit or gain arising from or connected with any completed, pending or proposed contract of sale or lease which is subject to – 8.1.1    a Suspensive condition, until that condition has been fulfilled; or 8.1.2    a resolutive...

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