agreement to pay for real estate consultant
mahesh
(Querist) 15 June 2008
This query is : Resolved
Hi
I am a real estate consultant and i had been in this business for the past couple of years and i had a bad experience with some of my clients. when a client approach us we take them to the properties with out any agreement on paper and with only oral commitment the client come to us and then we taje and show them the properties in the market as per their requirement and we get the customers introduced to the land lord and when he likes the place he gets in touch with the land lord and since then he starts avoids us and they get to the mutual understand and they refuse to pay us our commission so i would like to request all of you to provide me an agreement which i can get signed with the client before showing any property and aviod this iin near future.
Srinivas.B.S.S.T
(Expert) 16 June 2008
Mr. Mahesh as your feild of business consists several ifs and buts, do you think your client will sign an agreement with you before hand? if think you have such clientelle i suggest you to this type of format.
ABCD, a real estate consultant as 1st party
and
XYZ, s/o. d/o. w/o. represented by as 2nd party
Whereas the 1st party is in the field of real estate for the past -- years, having a registered office and branch offices at (if any) running the business as per the rules and regulations prescribed by the Governement and duly registered with the concerned authorities vide regd No.
That the 2nd party is interested in investing in real esate/purchase a property/take a property on lease and approached and requested the 1st party to render its services. The 1st Party agreed to the request of the 2nd Party and assured to render its services basing upon the folowing mutually agreed terms and conditions:-
1. That the 1st party has to show the building/plot/land according to the requirement/specification of the 2nd party.
2. That upon finalisation of a building/plot/land The 1st party shall provide photocopies of all the necesary and relevant documents so as to ascertain the legality of the building/plot/land.
3. It is mutually agreed by both the parties that the 1st party takes no responsibilty or doensnot indemnify the 2nd party about whether the intending seller has valid title or not. It is the risk of the 2nd party and the 2nd party has to take all necessary precautions and valid steps to acsertain the legality of the building/plot/land.
4. The 2nd Party agrees to pay service charges to the 1st party upon finalisation of a deal at the rate of 1% of the total sale consideration(as you charge) at the time of registration/entering into agreement.
This is a formal agreement and i have to add many more clauses to you as per the information provided by you so please let me know your main area of business i.e., whether you deal in lands or buildings, sale or finding a property for lease etc. so that i can prepare a common agreement for you and you can use it for all purposes. Hope you will be in touch. my e-mail i.d., is s_bsst@yahoo.com my contact no. 94401-20259 and 9866246965
