Agreement with broker to purchase a property
ashis talukder
(Querist) 25 January 2018
This query is : Resolved
Mr.A want to purchase a property in a specific place in Kolkata, that's why he wants to engage Mr.B (though he has no licence of brokery) as his broker/agent on d basis of commission, on behalf of mr.B is it possible to entere with a valid agreement so that he may get his commission after d deal is complete ? Plz guide....
Dr J C Vashista
(Expert) 27 January 2018
There is no legal problem in authorising the broker to execute an agreement to purchase the property for and on behalf of "A".
Prima facie it is a hypothetical academic question which is not entertained by experts on this platform.
DR.VEDULA GOPINATH
(Expert) 29 January 2018
Pl give details to enable advise you further dr vedula goinath vgnath@gmail.com 9866013121
Hemant Agarwal
(Expert) 29 April 2018
1. EXECUTE a proper MOU with the Broker /Friend, for conducting the Sale /Purchase deal and specify the "compensation" that the Owner would be paying to the Broker /Friend. IF you require the Broker /Friend to execute the Sale /Purchase Deed on your behalf, THEN give registered specfic purpose POA to the Broker /Friend.
2. The above can be done, irrespective of Registration /Non-Registration of the Broker, SUBJECT to that the person is not doing commercial grade property-broking, and this particular transaction would be a random deal.
Keep Smiling .... Hemant Agarwal
