Thread Status:
Not open for further replies.

Sale in Dubai/Agents commission

Discussion in 'Dubai property' started by AdamAdam123, Dec 4, 2008.

  1. AdamAdam123

    AdamAdam123 New Member

    Hi I need some help please. First post!

    I have purchased an off plan property in Dubai. The final instalment is due in a few months.

    I decided to sell the apartment a few months ago. The sale fell through, due to the buyer withdrawing. The buyer paid me, via an intermediary, a deposit.

    I have some questions:

    1. Am I, as the seller, liable to keep the deposit paid as it was the buyer who pulled out?

    2. Do I owe any commission to the agent who introduced the seller to me?

    3. If the answer to 2. is yes, does the commission come out of the deposit paid to the intermediary?

    Many thanks
     
  2. georgihh

    georgihh New Member

    yes
    yes
    yes
     
  3. AdamAdam123

    AdamAdam123 New Member

    1. Noted
    2. I thought the buyer pays the commission?
    3. Effectively I, as the, seller, have paid the commission out of the deposit? Even in the event of a sale not completing?
     
  4. georgihh

    georgihh New Member

    Don’t pay full commission just 2% from the deposit or anything you like if you don’t pay – no problem
     
Loading...
Thread Status:
Not open for further replies.

Share This Page