Who pays the real estate agent's commission?
DENIS ANDRIAN
DENIS ANDRIAN
The real estate agent acquires the right to the commission as soon as the parties, put in contact by him, stipulate the preliminary contract, which leads them respectively to buy and sell.
Regardless of who first applied to the agency, the payment of the commission, in most cases, is the responsibility of both parties, seller and buyer, and is made when the deal is concluded.
If the deal does not materialize due to the broker's fault, in this case no commission should be paid to him.
Also keep in mind that the broker may be entitled to commission even if he has not established a contract between the parties.
It could happen, for example, that, after the compromise has been established, one of the contracting parties has second thoughts and does not complete the sale.
In this case, the mediator still has the right to compensation.
It is important that these aspects are clearly clarified in the initial contract with the real estate agency.
Thank you for visiting my personal site! A few introductory words.I have gained significant experience as a professional real estate agent, agency director, and development director in Italy, France, and Monaco in the residential, luxury, commercial, and hotel sectors. Over the past seven years, I have served as CEO of Barnes International - Porto Cervo and then CEO of eXp in Italy, expanding my contacts and client base to 30 countries around the world. I work as a Luxury Family Realtor, still within the eXp Realty network, managing and enhancing the premium real estate interests of HNWI and UHNWI clients and families, with a focus on selected, high-value transactions, particularly on the Costa Smeralda. My approach is selective, fiduciary, and long-term, with a particular focus on confidentiality, quality relationships, and continuity over time.
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