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Guest (n/a)     09 April 2009

Is there any law on brokerage?

Is there any law that will restrict the brokers asking huge brokerages while dealing Real Estates?



Learning

 4 Replies

Rasik Dagli (Lawyer)     09 April 2009

Dear Ishant,

There is no seperate law for the brokers. A broker is an agent of the person  who engaged him for the work. Their relations are governed by the provisions of INDIAN CONTRACT ACT

RASIK DAGLI

 

Shree. ( Advocate.)     09 April 2009

There are no laws governing real estate brokers.

M. PIRAVI PERUMAL (Advocate & Consumer Rights)     09 April 2009

I agree with Sree but I think there was earlier a proposal to regulate real estate and land brokerage.

Y V Vishweshwar Rao (Advocate )     13 April 2009

It is  a contract between the Prinicpal  and Broker / agent to provide some services with the agreed Remuneration . The real Estate brokers field is not  organized it requires to be organised udner any specific Scheme / law / Rules according to the local situations


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