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𝐌𝐮𝐬𝐭 𝐲𝐨𝐮 𝐩𝐚𝐲 𝐭𝐡𝐞 𝐞𝐬𝐭𝐚𝐭𝐞 𝐚𝐠𝐞𝐧𝐭 𝐢𝐟 𝐭𝐡𝐞𝐫𝐞 𝐢𝐬 𝐧𝐨 𝐚𝐠𝐫𝐞𝐞𝐦𝐞𝐧𝐭? When buying or selling a property, estate agents play a crucial role in facilitating the process. But what happens when there is no explicit agreement regarding the estate agent's commission? Is it still payable? In most jurisdictions, the general rule is that an estate agent's commission is only payable if there is a valid agreement in place. This agreement can be in the form of a written contract or verbal understanding. Without an agreement, however, the agent's commission may not be enforceable. 𝐑𝐄𝐀𝐃 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞: https://lnkd.in/dwCX7G4t 𝐖𝐫𝐢𝐭𝐭𝐞𝐧 𝐛𝐲: Natalie Steenkamp #yourpersonaladvisors #phthoughtleader #yournewbreedlawfirm #estateagents #estateagency #estate #property

  • Must you pay the estate agent if there is no agreement?

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