Questions & Answers
Questions & Answers
5 available 5 • View allProtecting the rights of a broker in terms of commission


6
Q: A commission agreement between broker and seller was drafted and signed by the two parties in Dubai. The agreement states that the seller shall pay the broker a certain amount of commission after the sale transaction is done.
How can the broker guarantee his right 100% in case the seller doesn’t pay?
Shall the broker register the agreement with the notary public or the Ministry of Economy?
Please take note that the location is Dubai.



Feb 11, 2020
6660
Broker's commission which should be paid while buying an apartment in Dubai
7
Q: Hi,
I am going to buy an apartment in Dubai.
If I am going directly from the seller's broker, shall we both (seller and buyer) pay 2% each to this broker? And also it asks for a convenience fee of 5000 Dhs, what is it?
Thanks

Nov 5, 2017
6828
Real estate broker's fee in Dubai
29
Q: Recently I found an agent who managed to sell my property in Dubai and is now demanding a 2% seller’s agent fee. Am I obliged to pay such amount?

Jun 10, 2016
29798
The responsibility of the broker if the customer wants to cancel the deal
1
Q: A customer ordered goods via a sale-purchase agreement (SPA), in Kenya. The SPA has a refund and arbitration clause to be processed in Kenya. The goods are currently in transit to DXB.
The customer wants to cancel the deal and, instead of asking for a refund from the company in Kenya, he has filed a case against me in DXB for the refund. I originally introduced the buyer and seller as a broker.
How can I cancel this false case against me? What are the legal implications for me?
No money has been exchanged in DXB; the buyer paid in Kenya directly to the seller (invoice/receipt available).

Oct 18, 2021
316
Can the brokerage company of the property buyer withhold the commission of the seller's company?



0
Q: I am writing to seek your legal expertise and advice on a pressing issue concerning a property sale transaction that my brokerage company has facilitated.
Here are the details:
Our brokerage company represented the seller in a property sale where the property was sold with an existing rental agreement in place.
As per the terms of the agreement, the rental balance was supposed to be given to the buyer, who is now the new owner of the property.
In this transaction, our company is entitled to a 40% commission, and the buyer's brokerage company is entitled to 60%.
However, the buyer's brokerage company, which has complete control over the buyer's funds, has transferred the entire 100% commission to their own account.
They are currently withholding this commission, stating that they will release it once the rental balance is paid to the buyer.
Unfortunately, we have lost contact with the buyer, as he has blocked the seller's agent, making it impossible for us to fulfill this condition.




Nov 8, 2023
116
Laws & Regulations
2 available 2 • View allBylaw No. (85) of 2006 Regulating the Real Estate Brokers Register in the Emirate of Dubai 4
This Bylaw regulates the Real Estate Brokers Register in the Emirate of Dubai. No person may engage in real estate brokerage activities in Dubai unless he is licensed by the competent entities and entered in the register, which is maintained by Dubai Land Department.
May 30, 2006
4908
Law No. (16) of 2007 Establishing the Real Estate Regulatory Agency 1
By virtue of this Law, a public corporation named the “Real Estate Regulatory Agency” is established in the Emirate of Dubai. It is affiliated to Dubai Land Department. The objective of RERA is to regulate the real estate sector in the Emirate.
Jul 30, 2007
3234

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What are the legal consequences of my partner's voluntary withdrawal from our company? 0
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